Eight men indicted for $114 million securities fraud scheme orchestrated through social media - Insurance News | InsuranceNewsNet

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December 21, 2022 INN Insider News
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Eight men indicted for $114 million securities fraud scheme orchestrated through social media

A federal grand jury in the Southern District of Texas returned an indictment that was unsealed charging eight men with conspiracy to commit securities fraud for a long-running, social media-based “pump and dump” scheme.Those indicted include Edward Constantinescu aka Constantin 38, of Montgomery; Perry “PJ” Matlock, 38, of The Woodlands; John Rybarczyk, 32, of Spring; Dan…

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