Twitter user 'Alex DeLarge' charged in pump-and-dump scheme

Prosecutors say the stock trader allegedly operated a social media scheme involving penny stocks that garnered $1 million in illicit profits.

April 15, 2025 · 1 min · 54 words · Kelly Copeland

In a complaint in federal court, Gallagher was charged with securities fraud, wire fraud and market manipulation.

The announcement alleges Gallagher carried out the pump-and-dump scheme over and over to defraud individual retail investors.

The arrest happened Tuesday in Ohio, where Gallagher lives.

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