An information warfare was illegally manipulating stock prices using Twitter

ByTravel Aficionado

The US Department of Justice prosecuted a day trader men as writing fake stock information on Twitter, plummeting stock prices and using it for fraudulous stock trading.

DOJ indicts man who blasted false stock info on Twitter then traded on it | Ars Technica
http://arstechnica.com/tech-policy/2015/11/scottish-man-indicted-for-twitter-based-stock-fraud/


Scottish Alan Craig, a market research firm in January 2013Muddy Waters ResearchI created a Twitter account "@ Mudd 1 Waters" that pretended to be "AudienceI am under investigation by the Justice Department under suspicion of fraud. " As a result, Audience's stock price fell by 28%. The US Securities and Exchange Commission (SEC), which noticed the situation, suspended the transaction, but it was already after Craig's day trading.

The next day, Craig suspected the investigation companyCitron ResearchCreate another account named "@ citreonresearc" that was dressed as a. "The US Food and Drug Administration (FDA)Sarepta TherapeuticsI found out that drugs for clinical trials were contaminated, "Tweeted that the share price of Sarepta Therapeutics was lowered by 16%, it was said that it was on a day trading and multiplied by the turmoil to gain profits about.

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The US Securities and Exchange Commission considers that Craig's profits gained through unlawful operation of the market was about $ 100 (about 12,000 yen), but regardless of whether the amount is big or small, the market in the United States And Craig suspected that it caused damage to investors. The Securities and Exchange Commission believes that Craig suspects a loss of 1.6 million dollars (about 200 million yen) throughout the market due to a false tweet, and two fake Twitter accounts created by Craig, It is frozen in.

There are other cases of illegal manipulation of stock market misusing Twitter, in April 2013 the official Twitter account of AP communication hacked, "Two explosions occurred at the White House, President Obama was injured" There is a case that fraudulent information flows, and illegal transactions are done when the stock price fluctuates.

There are people who shed the fake information on Twitter of the leading international telecommunications company and manipulate the stock price and make profits for borrowing! - JUNSKY blog 2015
http://blog.goo.ne.jp/junsky/e/dc0265e406e6be7d37c5673002e99cfc

In addition, there was a case where the site which disguised as a news site "Twitter is acquired" reported, and illegal market operation was carried out.

Twitter shares skyrocketed with the appearance of fake site that "Twitter is acquired", the US Securities and Exchange Commission is investigating - GIGAZINE


Most recently in September 2015, the company wrote unfounded information on the Internet to raise the stock price illegally and got about 6 billion yen gain on sale,WorkerA former representative of the group has been accused.

"Kabutocho Funko Child", monetary watch committee for selling 6 billion yen by stock price manipulation, accusing former representative of the big bargain (1/3 page) - Sankei news
http://www.sankei.com/affairs/news/150929/afr1509290022-n1.html