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USA v. Constantinescu, et al.,

  1. April 04, 2024

    Judge Won't Pause Dismissal Of $114M Discord Stock Case

    A Houston judge has denied a bid from federal prosecutors to pause the dismissal of an indictment that accused eight men of running a $114 million pump-and-dump stock scheme, writing that the government's argument for a stay largely rehashes the merits of dismissing the case and "is not particularly persuasive."

  2. March 26, 2024

    Men Let Off $114M Fraud Fight Feds Dismissal Pause

    A group of men who a Texas judge recently let off federal criminal charges of illegally manipulating stock prices has urged the court to reject prosecutors' attempt to pause dismissal of the case, arguing there is no justification for the move.

  3. March 21, 2024

    $114M Discord Stock Case Tossed Ahead Of Jury Trial

    A Texas federal judge has dismissed a 21-count indictment against seven men accused of operating a multimillion-dollar "pump-and-dump" stock scheme over social media platform Discord two weeks before they were set to be tried before a jury, writing that the government's case was unable to survive two recent appellate court decisions that reined in corruption prosecutions.

  4. February 12, 2024

    Discord Stock Traders Say Prosecutors' Evidence Is Faulty

    A group of men accused of operating a multimillion-dollar pump-and-dump scheme on Discord and other social media asked a Texas federal judge to sanction the government, saying that prosecutors had cherry-picked evidence to create exhibits that are misleading at best and inaccurate at worst.

  5. January 24, 2024

    Trader Seeks Trial Delay, Says Gov't Hiding 'Meme Stock' Evidence

    Three of eight men who the government claims operated a social media- and podcast-fueled pump-and-dump scheme worth millions are asking a Texas federal judge to delay their trial, saying federal prosecutors have withheld evidence crucial to the defense — including information about so-called meme stock trading.

  6. October 19, 2023

    'Meme Stock' Trader Sees Feds Drop Laundering Charge

    Texas federal prosecutors announced plans to drop a money laundering charge against a "meme stock" trader set to be tried on charges he used social media to fuel a $114 million pump-and-dump scheme.

  7. July 31, 2023

    'Meme Stock' Trader Pressured Ex-Wife To Lie, Feds Say

    A "meme stock" trader accused of participating in a $114 million social media-driven pump-and-dump scheme should be remanded to prison through trial after he tried to pressure his ex-wife to give false statements, prosecutors have told a Texas federal judge.

  8. July 12, 2023

    Feds Fight Accused 'Meme Stock' Trader's Sanctions Bid

    Prosecutors asked a Texas federal judge Wednesday to reject a sanctions bid from a man accused of participating in a social media driven pump-and-dump stock scheme, saying documents he claims the government withheld are not in its possession.

  9. July 10, 2023

    Accused 'Meme' Stock Trader Wants Prosecutors Sanctioned

    One of eight men indicted in an alleged $114 million pump-and-dump scheme orchestrated on social media and a stock-trading podcast wants a federal judge to order prosecutors to produce documents regarding so-called "meme" stocks that he says may undermine the case.

  10. April 12, 2023

    Still No Clarity For 8 Charged Discord Traders, Judge Says

    A Houston federal judge has again denied a request from defendants accused of orchestrating a "pump-and-dump" stock scheme over social media to have the government clarify its indictment, telling the parties that the arguments they were making should be tried before a jury.