Feds arrest popular Twitter day trader over alleged 'pump and dump' scheme
A day trader has been arrested and charged for operating a “pump and dump” scheme — on Twitter.
Steven Gallagher, through his Twitter alias@AlexDelarge6553 (named after the fictional character in “A Clockwork Orange”), allegedly touted and encouraged his 70,000 followers to purchase shares in Enzolytics, a Texas-based biotech developing monoclonal antibodies and trading over the counter, among other penny stocks.
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