Finfluencer Gabriel Govinda gets prison sentence for market manipulation
Gabriel Govinda (known online as ‘Fibonarchery’) has been sentenced to two and a half years imprisonment.
Gabriel Govinda (known online as ‘Fibonarchery’) has been sentenced to two and a half years imprisonment.
The defendants promoted themselves as successful traders and cultivated hundreds of thousands of followers on Twitter and Discord chat rooms.
Share price manipulation, known as “Pump and Dump” is a forbidden practice also known as “scalping”, i.e. “scalping of investors”.