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US charges 8 in social media ‘pump-and-dump’ stock scheme

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FILE - The U.S. Securities and Exchange Commission building in Washington is pictured on Aug. 5, 2017. The government on Wednesday, Dec. 14, 2022, charged eight men of earning more than $100 million in stock market profits by manipulating their novice-investor followers on social media. The Department of Justice and the Securities and Exchange Commission said that from early 2020 to around April of this year the men, who had combined following of over 1.5 million on Twitter, ran a “pump-and-dump” scheme. (AP Andrew Harnik, File)

WASHINGTON (AP) — The government on Wednesday charged eight men of earning more than $100 million in illicit stock market profits by manipulating their novice-investor followers on social media.

The Justice Department and the Securities and Exchange Commission said that from early 2020 to around April of this year the men, who had combined following of over 1.5 million on Twitter, ran a “pump-and-dump” scheme.

Seven of the social-media influencers promoted themselves as successful traders on Twitter and in Discord chat rooms and encouraged their followers to buy certain stocks, the SEC said. When prices or volumes of the promoted stocks would rise, the influencers “regularly sold their shares without ever having disclosed their plans to dump the securities while they were promoting them,” the agency said.

“The defendants used social media to amass a large following of novice investors and then took advantage of their followers by repeatedly feeding them a steady diet of misinformation,” said the SEC’s Joseph Sansone, chief of the SEC Enforcement Division’s Market Abuse Unit.

Named in the SEC’s complaint were Perry Matlock (@PJ_Matlock), John Rybarcyzk (@Ultra_Calls) and Edward Constantin (@MrZackMorris) of Texas; Thomas Cooperman (@ohheytommy) and Gary Deel (@notoriousalerts) of California; Mitchell Hennessey (@Hugh_Henne) of New Jersey; and Stefan Hrvatin (@LadeBackk) of Florida.

An eighth person, Daniel Knight (@DipDeity) of Texas, co-hosted a podcast promoting the defendants as experts and traded in concert with them.

The Justice Department said the defendants showcased their “extravagant lifestyles” to fool others into thinking they were skilled stock traders.

If convicted, each faces a maximum penalty of 25 years in prison for conspiracy to commit securities fraud and each charged count of securities fraud, the department said. Constantin also faces a maximum penalty of 10 years in prison if convicted of engaging in unlawful monetary transactions.

The SEC is increasingly cracking down on social media influencers and celebrities who promote financial products, including cryptocurrency.

In October, the SEC barred Kim Kardashian from promoting cryptocurrencies for three years and fined her $1 million to settle federal charges that she recommended a crypto security to her 330 million Instagram followers without making clear that she was paid to do so.

In 2020, actor Steven Seagal agreed to pay more than $300,000 as part of a similar settlement with the SEC, which also banned him from promoting investments for three years.

In 2018, the SEC settled charges against professional boxer Floyd Mayweather Jr. and music producer DJ Khaled for failing to disclose payments they received for promoting investments in a digital currency.

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NASA Rolls Out Massive SLS Rocket Stage for Artemis III Mission to Kennedy Space Center

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Pictured above is the top four-fifths of the SLS (Space Launch System) core stage – the section containing the liquid hydrogen tank, liquid oxygen tank, intertank, and forward skirt. NASA will roll the largest section of the agency’s SLS rocket that will launch the second crewed Artemis mission under the Artemis III mission out of NASA’s Michoud Assembly Facility on Monday, April 20. Credit: NASA

NEW ORLEANS (FNN) — NASA will roll out the largest section of its Space Launch System rocket on Monday, April 20, marking a major milestone for the Artemis III mission.

The section, representing the top four-fifths of the SLS core stage, is being moved from NASA’s Michoud Assembly Facility in New Orleans. It includes the liquid hydrogen tank, liquid oxygen tank, intertank and forward skirt. The structure will be loaded onto NASA’s Pegasus barge for transport to Kennedy Space Center in Florida.

CORE STAGE DELIVERY AND INTEGRATION

Once the core stage arrives at Kennedy Space Center, teams will complete final outfitting and vertical integration. The hardware will then be transferred to NASA’s Exploration Ground Systems Program for stacking and launch preparation.

The Artemis III engine section and boat-tail, which protects the engines during launch, were previously moved to the Vehicle Assembly Building in July 2025. The four RS-25 engines are scheduled to arrive from Stennis Space Center in Mississippi no later than July 2026 for integration.

POWERING THE ARTEMIS III MISSION

Equipped with four RS-25 engines, the SLS core stage will generate more than 2 million pounds of thrust, enabling the launch of astronauts aboard the Orion spacecraft.

Artemis III is currently targeted for launch in 2027, following the successful Artemis II mission, which completed a crewed flight around the Moon on April 10.

NASA’S MOON-TO-MARS STRATEGY

The Artemis III mission is part of NASA’s broader Artemis program, aimed at returning astronauts to the Moon and establishing a sustained human presence.

The mission will test critical capabilities, including rendezvous and docking between the Orion spacecraft and commercial systems needed for future lunar landings, currently planned for 2028.

NASA is working in partnership with Boeing, the SLS core stage lead contractor, and L3Harris Technologies, the lead contractor for the RS-25 engines. The core stage remains the backbone of the SLS rocket and is manufactured at the Michoud Assembly Facilit

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NASA’s Artemis II Astronauts Begin Historic Journey Around the Moon After Key Orion Engine Burn

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Earth's crescent is seen from a solar array camera on the Orion spacecraft on the first flight day of the Artemis II mission. Credit: NASA

CAPE CANAVERAL, Fla. (FNN) — For the first time in more than 50 years, astronauts on a NASA mission are headed around the Moon after successfully completing a critical burn of the Orion spacecraft’s main engine.

The approximately six-minute firing of Orion’s service module engine Thursday — known as the translunar injection burn — accelerated the spacecraft and its crew beyond Earth’s orbit, placing them on a trajectory toward the Moon.

Aboard the spacecraft are NASA astronauts Reid Wiseman, Victor Glover and Christina Koch, along with Canadian Space Agency astronaut Jeremy Hansen.

“Today, for the first time since Apollo 17 in 1972, humans have departed Earth orbit,” said Dr. Lori Glaze, acting associate administrator for NASA’s Exploration Systems Development Mission Directorate. “Reid, Victor, Christina and Jeremy now are on a precise trajectory toward the Moon. Orion is operating with crew for the first time in space, and we are gathering critical data and learning from each step.”

NASA’s Space Launch System rocket and Orion spacecraft lifted off from Launch Pad 39B at Kennedy Space Center at 6:35 p.m. EDT on April 1, beginning a planned 10-day test mission around the Moon and back.

Successful Launch and Spacecraft Activation

Shortly after reaching space, Orion deployed its four solar array wings, allowing the spacecraft to generate power from the Sun. The crew and mission controllers then began transitioning the spacecraft from launch to normal flight operations while checking critical onboard systems.

About 49 minutes into the flight, the rocket’s upper stage fired to place Orion into an elliptical orbit around Earth. A second burn propelled the spacecraft — named “Integrity” by the crew — into a high Earth orbit extending roughly 46,000 miles above the planet for nearly 24 hours of system testing.

Following the maneuver, Orion separated from the upper stage and began flying independently.

System Tests and Crew Operations in Space

During the early phase of the mission, the astronauts conducted a manual piloting demonstration to evaluate Orion’s handling capabilities using the Interim Cryogenic Propulsion Stage as a docking target.

After the test, Orion executed an automated departure burn to safely move away from the stage. The propulsion stage later performed a disposal burn before re-entering Earth’s atmosphere over a remote area of the Pacific Ocean.

Before its re-entry, four small CubeSats were deployed from the rocket’s Orion stage adapter to conduct separate scientific missions.

Mission teams also transitioned communications to NASA’s Deep Space Network while the crew adjusted to the space environment. Astronauts completed their first rest periods, performed onboard exercise routines, restored the spacecraft’s toilet to normal operations and prepared the spacecraft for the translunar injection burn.

Lunar Flyby and Artemis Program Goals

The crew is scheduled to conduct a lunar flyby Monday, April 6, when astronauts will capture high-resolution images and make observations of the Moon’s surface — including portions of the lunar far side rarely seen directly by humans.

Although the far side will only be partially illuminated during the flyby, the lighting conditions are expected to cast long shadows across the terrain, highlighting ridges, slopes and crater rims that are difficult to observe under full sunlight.

After completing the flyby, the astronauts will return to Earth and splash down in the Pacific Ocean off the coast of San Diego.

The mission marks a major milestone for NASA’s Artemis program, which aims to send astronauts on increasingly ambitious missions to explore the Moon, advance scientific discovery, stimulate economic growth and prepare for the first crewed missions to Mars.

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VIDEO: NASA Artemis II Mission Sends Astronauts Around the Moon in First Crewed Test Since Apollo

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The Artemis II crewed lunar mission launches from Kennedy Space Center on April 1, 2026. Four astronauts blasted off aboard a massive NASA rocket on a long-anticipated journey around the Moon—marking the first crewed lunar flyby in more than 50 years. Photo by Nickolas Wolf / Florida National News.
CAPE CANAVERAL, Fla. (FNN) — NASA is preparing to launch the crew of Artemis II on a historic journey around the Moon, marking the first time astronauts will travel beyond low-Earth orbit since the era of Apollo Program.
The mission will lift off from Kennedy Space Center aboard the Space Launch System, carrying astronauts in the Orion spacecraft on a multi-day flight that will orbit the Moon before returning safely to Earth.

The Artemis II crewed lunar mission launches from Kennedy Space Center on April 1, 2026. Four astronauts blasted off aboard a massive NASA rocket on a long-anticipated journey around the Moon—marking the first crewed lunar flyby in more than 50 years. Photo by Nickolas Wolf / Florida National News.

 

Historic Return to Deep Space Artemis II is the first crewed mission in NASA’s Artemis program, designed to return humans to the Moon and eventually establish a sustainable presence there. The flight follows the successful uncrewed test mission, Artemis I, which demonstrated the Orion spacecraft’s ability to travel to lunar orbit and return to Earth. The Artemis program represents NASA’s long-term strategy to explore deep space, including preparing astronauts for future missions to Mars. Astronaut Crew to Circle the Moon

The Artemis II crew includes four astronauts selected to test Orion’s life-support systems and navigation capabilities during the mission.

The Artemis II crewed lunar mission launches from Kennedy Space Center on April 1, 2026. Four astronauts blasted off aboard a massive NASA rocket on a long-anticipated journey around the Moon—marking the first crewed lunar flyby in more than 50 years.
Photo by Nickolas Wolf / Florida National News.

 

Their journey will take them thousands of miles beyond the Moon before returning to Earth. The mission will also demonstrate critical technologies needed for future lunar landings planned under upcoming Artemis missions.

Florida’s Space Coast in the Global Spotlight The launch is expected to draw thousands of spectators to Florida’s Space Coast, including viewers gathering along beaches in Cocoa Beach and nearby communities to witness the historic liftoff.

Local officials and tourism leaders say the Artemis program continues to reinforce Florida’s role as the nation’s gateway to space exploration.

 

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