Mar 15, 09:00 PM

Fake Bill Ackman Scam on Facebook Costs Investors Millions, SEC Settles with Volkswagen for $48.7M

Multiple individuals, including a fake Bill Ackman, are using Facebook to scam investors out of millions in 'pump and dump' schemes, costing some their life savings. The SEC and Volkswagen settle for $48.7 million over emissions fraud claims.

#Bill Ackman #Facebook #SEC #Volkswagen

Written with ChatGPT (GPT-3).

Sources

NTD News@NTDNews
2 years ago
The Securities and Exchange Commission (SEC) on Thursday charged 17 people for their purported roles in a $300 million Ponzi scheme that attracted more than 40,000 investors. https://t.co/2wFN3DfgX4
Barbarian Capital@BarbarianCap
2 years ago
this is a FB fraud problem, not a @billackman problem A Fake Bill Ackman Is Scamming Investors Out of Millions on Facebook https://t.co/GzV2yK93SJ
NEWSMAX@NEWSMAX
2 years ago
A Bill Ackman imposter — and several others posing as Wall Street bigs — has lured hapless investors into “pump and dump” schemes that have cost several their life savings, in some cases, millions of dollars, The Wall Street Journal reports. https://t.co/z36Wyc8xTd

Fake Bill Ackman Scam on Facebook Costs Investors Millions, SEC Settles with Volkswagen for $48.7M

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