The Department of Justice indicted a Scottish man who manipulated financial markets by tweeting false company information that impacted stock prices. The man acted on the false info to make trades but did not make much because he waited to long to sell his stock, reports Ars Technica.
The Scottish man, James Alan Craig, 62, did not make much on the scheme, authorities say. He did, however, undermine confidence in American markets. He also did manage to move the markets based on false info he tweeted from two fake market research firm accounts he created on the social network Twitter.