ᴘᴄᴄ༼ᴘᴜʙɢ ᴄʜᴇᴀᴛ ᴄᴏʀᴘᴏʀᴀᴛɪᴏɴ

ᴘᴄᴄ༼ᴘᴜʙɢ ᴄʜᴇᴀᴛ ᴄᴏʀᴘᴏʀᴀᴛɪᴏɴ

ᴘᴄᴄ༼ᴘᴜʙɢ ᴄʜᴇᴀᴛ ᴄᴏʀᴘᴏʀᴀᴛɪᴏɴ Telegram | DID YOU KNOW?

These entities are reportedly operating nine Telegram channels with more than five million subscribers to whom they were making recommendations on selected listed scrips. Such recommendations induced the investors to deal in the said scrips, thereby creating artificial volume and price rise. Crude oil prices edged higher after tumbling on Thursday, when U.S. West Texas intermediate slid back below $110 per barrel after topping as much as $130 a barrel in recent sessions. Still, gas prices at the pump rose to fresh highs. Perpetrators of such fraud use various marketing techniques to attract subscribers on their social media channels. The S&P 500 fell 1.3% to 4,204.36, and the Dow Jones Industrial Average was down 0.7% to 32,943.33. The Dow posted a fifth straight weekly loss — its longest losing streak since 2019. The Nasdaq Composite tumbled 2.2% to 12,843.81. Though all three indexes opened in the green, stocks took a turn after a new report showed U.S. consumer sentiment deteriorated more than expected in early March as consumers' inflation expectations soared to the highest since 1981. At the start of 2018, the company attempted to launch an Initial Coin Offering (ICO) which would enable it to enable payments (and earn the cash that comes from doing so). The initial signals were promising, especially given Telegram’s user base is already fairly crypto-savvy. It raised an initial tranche of cash – worth more than a billion dollars – to help develop the coin before opening sales to the public. Unfortunately, third-party sales of coins bought in those initial fundraising rounds raised the ire of the SEC, which brought the hammer down on the whole operation. In 2020, officials ordered Telegram to pay a fine of $18.5 million and hand back much of the cash that it had raised.
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