
A series of tweets from various users including AlderLaneEggs, FriendlyBearSA, and HiddenPivots have raised allegations of fraudulent activities and potential legal issues surrounding B. Riley Financial Inc. (ticker: $RILY). Accusations include the leaking of material non-public information (MNPI) by Mike Frank, head of Investor Relations at B. Riley, who is advised to seek securities counsel soon, and involvement in stock promotion schemes by insiders such as Christian McDonald of Kennedy Capital Management, who has been harassing individuals for weeks, and Shane Pavitt, co-founder of B. Riley. Additionally, there are claims of a portfolio manager at Kennedy Capital, a $5 billion RIA, misleading retail investors on Reddit. Legal scrutiny is suggested to intensify with comparisons drawn to historical cases like Enron, with Sullivan & Cromwell appearing in a related sec fraud lawsuit. The situation implicates various entities, including law firms and auditing firms, in what is described as a multi-layered scam involving stock manipulation and fraudulent promotional activities, with a warning that 'The Cover Up is Worse than the Crime'.

🚨 $RILY #FraudsFraud this 👇 https://t.co/RAxdDvbKk6
$RILY @AureliusValue @FriendlyBearSA @DonalGriffin1 @business Riley is regulated by SEC, FINRA and Nasdaq directly. The FDIC and certain state banking departments have some standing since B. Riley sweeps some of its 10k wealth clients customer deposits The audit committee…
Just a Heads up to Sullivan Cromwell and @MarcumLLP .. "The Cover Up is Worse than the Crime" and you will be held responsible.. $RILY @AureliusValue @FriendlyBearSA