Arrogant Influencers Pump & Dump Scheme Finally Caught

Atlas Trading Group has been indicted for their alleged participation in a pump & dump scheme.
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[@mikeadler46]

Only difference between these guys and your friends pumping ftx and other scams is they got caught.

[@wasteddemise2286]

😂😂😂😮‍💨😮‍💨

[@trackhawkleo707]

😂

[@Hchris101]

@@trackhawkleo707 How do you have 205k subs but only 5k views?

[@agmcroom2374]

😅😅😅😅

[@ishibusah5210]

He really hid some comments regarding supporting his friends promoting scams. Take accountability 😪

[@jaymoney7984]

Fax. Spencer and his FTX friends are the best scammers.

[@redfin382]

I haven't watched a Spencer video since he defended his rich friends for promoting FTX. He should have just not made a video. He takes down scammers...as long as they aren't his friends. I wish him all the luck but I don't think I'll watch anymore.

[@chicitypk11]

Agreed. Based off what we know it seems as though hes a hypocrite. How can you expose scammers for a living than fall short at exposing a scam because it benefits you? His views have taken a hit for a reason.

[@redfin382]

@@chicitypk11 wow, they have went down. I haven't been paying attention to him so I didn't realize it until you mentioned it. He used to pass 100k views on most videos and some even went over 250k+ and closer to a million. Now he gets about 20k - 50k. Spencer seems like a good dude but I just think he was trying to defend his friends and it blinded him. If Jake Paul was the one who promoted FTX and this happened you know Spencer would make a video calling out Jake. You can be friends with someone and still call them out on their bullshit. My friends will call me out when I do stupid things, and vice versa.

[@redfin382]

@@awakensoja yeah he'll be fine without just me....but his views have fallen off a cliff. He used to clear 100k - 250k now he gets 20k - 50k. So looks like I'm not the only one who stopped watching. Also let what go? I made one comment. Creators want feedback, they don't want stupid yes men like you that tell them they are doing great meanwhile their views have been cut in half.

[@heiner71]

Then why are you watching now? Just go away and ride into the sunset on your high horse.

[@redfin382]

@@heiner71 I'm not watching. I stopped by as a former viewer who watched every video he released to let him know that I haven't watched since that video he made. I saw this in my recommended and wanted to let him know that he lost viewers with what he did. This should have been obvious....but I guess you needed it explained more in depth. Not surprised.

[@thunderb00m]

They made 2 huge mistakes 1. Didn't plant trees 2. Weren't friends with Spencer Other than that, everything else is legit 💯

[@wasteddemise2286]

How are your friends doing Spencer

[@ISREHL]

What about your influencer friends? When will you cover them

[@EyesonEnforcement911]

This man's views have absolutely plummeted! Well deserved.

[@jreverie7018]

Social blade says 55 percent down this month

[@haulistic7569]

@@jreverie7018 was there a scandal or something?

[@jreverie7018]

@@haulistic7569 yeah about a month ago the video is still up. "These influencers "scammed" their fans" was the one that ticked off a lot of people

[@budgetcardbreaks]

Which video i wanna watch lol

[@throwintre]

He actually said that we'd forget about it in a week.

[@lee8287]

Zach Morris absolutely wrecked me when I was an inexperienced trader. Glad he got caught.

[@GrammarSplaining]

I'm curious, how long could a scheme like that go on? Don't the followers walk away if they're burned... twice? Spencer shows (I've lost count, maybe 7) schemes. Do these guys have an excuse or a story every time the stocks go back down?

[@TrixxOfficial747]

Same. I started roughly a year and half ago I think now, I was a victim of his CEI and other pump and dumps.. i fell for star boy and others as well.. when someone dangles life changing money trades in your face and you have no true understanding of the market it’s jsut so easy to fall for it. Glad I’ve learned long ago now and have moved from that stuff but yeah it’s very satisfying seeing what he deserves.

[@lee8287]

@@GrammarSplaining Every time it crashes, they say something like "we said sell on the catalyst" or they show a paper trading account (later proven) with bagholding at a high avg cost, acting like they lost too.

[@lee8287]

@@TrixxOfficial747 Ziptrader absolutely needs to be investigated as well.

[@GrammarSplaining]

@@lee8287 Wow, they've got all the angles.

[@brunneng38]

Damn. These view counts sure took a nosedive. I hope it was worth it.

[@KnarBurger]

He has his rich scammer buddies he can go out with and act like a baller. That is all Spencer ever wanted so I'm sure he's fine with it.

[@RingshadowCat]

Guess they weren't working for your firm huh Spencer since you aren't defending them. Yeah I know you're continuing to ignore this. Some of us aren't.

[@Not_Zulu]

L take

[@ekay4495]

Fun to see Spencer's channel not even half it's prior size after he defended his Scammer friends because THEY ALL WORK FOR THE SAME AGENCY.

[@stevechavez83]

I honestly feel bad for Spencer. He had unconditional trust and he shat it down the toilet . He will never be looked at the same again.

[@redfin382]

@@stevechavez83 yeah it is pretty unfortunate... Although I think all he ever wanted was to be a rich asshole who has rich asshole friends.... In that case, I think he got what he wanted.

[@budgetcardbreaks]

What did spenxer do?

[@joeyjojojr.shabadoo915]

I wonder if Zack Morris will be.... SAVED BY THE BELL.

[@cartmann94]

Luckily, the Department of Justice brought their scheme to a…. Screech-ing halt.

[@Football__Junkie]

“SEC deez nuts” 😂😂😂 I did a spit-take. A literal LOL These clowns were definitely arrogant

[@difam9039]

Unsolicited advice for Spencer: Face the issues since your video defending your friends. It doesn't make you less of a man to admit some mistakes. You may gain back the respect of your former viewers.

[@michaelfinger6303]

Anything below 20 years in prison and complete confiscation of assets is not right...

[@GrammarSplaining]

This is mad. Stock after stock after stock. Didn't the "students" notice that they were getting burned again and again and again?

[@LANCEVXNCE]

Yep, Spencer knows what he's talking about. Arrogance and unethical go hand in hand. Always be skeptical when you see an entrepreneur with lots of arrogance.

[@noahsees]

I was in the FinTwit space very briefly (no influence) and followed this group out of interest. Traded a few of their calls with most being profitable but it was VERY easy to get burned on their trades and if you did not get in & out quickly. It was apparent they were up to something together. Good job on this video, Spencer.

[@D_Roadtrip_Productions]

Amazing that they thought they would get away with this!

[@SylvainOfGandahar]

Let them donate a few bucks planting trees and befriend Stephan Graham and company and they will be golden.

[@SaltStorm007]

Sorry Spencer but That thumbnail has the potential to be photoshopped in some very creative ways😂

[@Chalk89]

Doing some edits (for my job) and hearing Spencer say, 'boner pants,' or 'swinging on my nuts,' has me laughing quite loud!

[@meatshowstudio3159]

Do they not realize all block chain transactions and tweets are time coded

[@Signal_in_the_noise]

This isn’t crypto dude

[@radiohawkins]

Mr. Zach Morris pumped me into buying $WISH and I lost a lot of money

[@paulbarker6096]

Good video, however your previous background was much better and more engaging.

[@Spencercornelia213]

❣️❣️❣️

[@jordonpumpin]

So who gets the 114 million that they owe? the government, or the people that lost the money....

[@Imhimnreallife93]

Spencer we need a update Feds just dismissed PJ case

[@elidevine517]

I made bank off CEI. Shout out to Zack morris

[@Frederick0220]

I hope they rot in the slammer! So vile what they did

[@FoNgThOnG]

Laters spence. Was fun while it lasted till you defended your scammer friends and attacked people that were ousting them.

[@dznArro]

it's been a month yet your still here.

[@Thuxo]

@@dznArro Honestly wouldn't be surprised if these people are paid harassers or something--or just really righteous internet trolls--internet brings out the worst in people--especially self-righteous types

[@freethinker3083]

@@dznArroAre you okay with him sticking up for his grifter friends?

[@RobertoBlake]

@@dznArro it’s hard for me to believe these are grown men honestly…

[@FoNgThOnG]

@@dznArro Cause I was giving him the benefit of the doubt and seeing if he'll come out better but more and more info about him shilling and defending his scamming friends are coming to light as of late. Also, not a troll or "paid harasser"...I wish lol Just simply someone who was a fan and used to support spence.

[@RobertoBlake]

Good they got these guys but it would be great if they could look harder at sitting members of Congress… 😔

[@HughVanWho]

Still dont understand how people can follow advice from influencers who rent luxury cars for instagram profile pictures

[@cloudfiend8856]

So interesting to watch I dunno jack about stocks and what not but jist to see these guys use this kind of knowledge and influence to enrich themselves is crazy.

[@freakincrod]

They don't know jack about stocks either. They know how to build a following and manipulate them

[@GrammarSplaining]

I can't get over the malicious nature of it. Lure them in and rob them.

[@TheanHooYew]

They will be the ones pumped and dumped where they are going.

[@jordan4215able]

The crazy thing is these aren’t even all of the stocks they pumped

[@GrammarSplaining]

How in hell do you keep doing this and none of your "students" notices that nothing is panning out?

[@jordonpumpin]

If these fellas put their money or estate/cars /valuable's into a trust, would that stuff go untouched by government? Since they don't own anything ?

[@juggdaplugg]

I started my trading career in a room with many of these guys, which was before Atlas. I'm surprised the name CamTheMan isn't on this list. Started his $1k- $1m challenge by pumping low floaters just like these guys.

[@antianxi4595]

Zack Morris escaped jail time

[@jwfoure]

Insert saved by the bell joke

[@willp9993]

Anyone here remember Awesome penny stocks?

[@devanpig287]

What about your mates

[@tomkrasinski938]

Spencer is a professional L taker, just check out his socialblade dude FELL OFF hahaha cya!

[@iamgroot8954]

It's about time, the SEC has been asleep since the pandemic.

[@vladimirczajkowski1091]

Would be nice to see them behind bars..but there are 100 of so called financials gurus out there who are doing/did the same

[@vladanr74]

What took sec so long? There are so many of these out there. Especially in crypto space.

[@RobertoBlake]

Probably difficult for them to find and prove. They aren’t really invested in these niche communities, typically looking more into things like hedge funds… but not sitting members of Congress

[@joemeltingbutter6668]

More of these discord jokers will get smashed.

[@Aries73]

*cues Dragnet theme* *also cues Law & Order intermission*

[@cballs1364]

But did they plant trees though

[@tombrady2365]

Liked the video, Spencer who cuts your hair? please reply

[@Spencercornelia213]

✔️✔️✔️

[@Spencercornelia213]

❣️❣️❣️

[@jakey7813]

Idk why it’s so bad to do what they did if you’re dumb enough to listen to them and buy what they say. It’s really not their fault people are dumb…..

[@phenomenalfx7134]

Wolf of wall street in real life...

[@kimwonlygresten3609]

Bare glimrende, Spencer, tommelen opp og fortsett den gode jobben.

[@tl4637]

Jeg tror ikke at Spencer snakker Norsk lol

[@hdtripp6218]

How is this different than cnbc?

[@amandaurb337]

I wanna see if he says anything about that echoes guy is saying. He's saying he destroyed spencers channel. Well, maybe he's not taking all the credit, but he's thrilled.

[@KnarBurger]

Spencer destroyed his own channel. He's an scam buster who sucks off scammers he falls for. It's been a reoccurring theme since Mikki or what ever that crackheads name is.

[@basti8946]

Was it fun for you

[@basti8946]

Am I fun as a good fiend

[@matrixclese]

What is the difference between pump and dump of something worth nothing... And pump of land u don't actually own (worth nothing)? Spencer is a joke now...

[@erickonassis6310]

What about you and ftx, exposed that..

[@ezeqeel8352]

The number of subs are so similar to each other I guess it's assumable that most of them overlapped so that's not really reaching anywhere near millions people.. Just saying.

[@ttbeezy]

Man its only one Zack Morris he aint it

[@theonlyalexoliveira]

Bros name is Zach Morris

[@JstallGFU]

Omg hahaha yess! I was apart of Atlas but scalp team/Momo floor. But like the other good ones. Went my separate way from those pumpers.

[@rokgrahek6511]

your videos are super shallow..no investigation..just put some news from other good youtubers and add some real estate value as you have access to those databases...im not a subscriber anymore since your ET nonsense..but I see no improvement..thumbs down

[@TheAlamzy]

Poor man’s coffeezilla …..love you though

[@Thegringopapi]

Free Zach Morris

[@ars1602]

Spencer Scamnelia strikes again

[@davidweeks6425]

Howdy Spencer. So in regards to PJ. I have an interesting story about him and my encounter with him. I messaged you on Facebook. If you care to know I'll share.

[@Imhimnreallife93]

Feds just dismissed their case 😮

[@johnsummers2943]

Watching a video of Spencer talking about guys getting arrested for pumps and dumps at the end of the video I get an ad for an Amazon automated scam LOL

[@wilddesigns857]

Do you have personal ads turned on. Most of those ads are reflective of what you Google.

[@johnsummers2943]

@@wilddesigns857 I watched a video on my phone and as far as I can tell you can't have an ad block on while you're watching youtube on the phone.

[@wilddesigns857]

@@johnsummers2943 i never mention an ad blocker. In your KZbin settings and options you can turn on personalized ads.

[@cristibaluta]

Use Brave so you don't get any ad

[@Danovio]

If you have iphone then there is none, but there is adblock for phones, i use it now, its the same that made adblockplus

[@psp785]

What about meetkevin, financialeducation and the other KZbin clowns

[@allenrobinson8602]

Still waiting for the scam vid on your friend meetkevin🤪

[@redfin382]

He has more scammer friends than that. Also they are all in the same creator group so he can't really talk about them in a negative way. They are all part of a group that gets sponsors for all of them. He would have done better on his own I don't know why he stooped so low.

[@allenrobinson8602]

@@djpuplex Tru Tru Tru🤪

[@CerretaniOutdoorsLLC]

Man’s said Can’t beat ‘em join em I guess

[@DG-ss2zd]

I thought this was about Spencer's friends lol

[@openworld6337]

I thought you going to spam the amazon token...

[@thunderb00m]

If they were, this would be a very different video. " Look at all those wall st people who do the same thing but on cnbc instead of Twitter. It's all the same" - Spencer

[@MrDwightsimon]

Spencer you should do a video on yourself and how you outed yourself for being a scammer

[@phillipstewart2031]

You've pump and dumped your KZbin

[@oscarusestools]

Good video spencer. Now do the financial KZbinrs 😂

[@wasteddemise2286]

They’re his friends tho 😂😂😂😂😂😂😂

[@silverwolf813]

As someone who grew up with the Saved by Bell, I won't trust anyone named Zack Morris, lol.

[@CircusofPython]

For real. He stole my childhood crush Kelly Kapowski. I’ll never forgive that

[@cellus523]

Zack Morris is trash

[@DiegoEsteban1910]

Next step: Back to promote FTX again.

[@ernestmeiehofer]

I still can’t believe how many influences are just out to steal from their subscribers at end of the day it’s the subscribers who have put them where they are watching their content.

[@geetee2694]

Don't they have the right to make a little coin. ;)

[@jglaab]

Definitely suspicious of all stock signal discords now haha

[@SolarMoDzZ]

this is the comment i was looking for. I own a stock trading discord and have never even once thought of doing some scummy shit like this. Now my business will take a hit thanks to morons like this. It's sad, nobody has morals or dignity anymore. SMH!

[@CsabaTothMr]

Only now? I don't understand how the people participating in those signal groups don't realize that they are duped. Maybe when you lose the first or second time, but when you see this happen over and over again, you must realize there is an even smaller group which pumps before you are "let in". I'm very happy to see these pump and dump guys go to jail. Hopefully it won't be like Jordan Belfort, who served some abismal time and never paid back, and went on to milk the Australian government...

[@CsabaTothMr]

The good thing in crypto is that everything is there in the blockchain! The evidence is right there, you just need to de-anonimize some pseudonyms (wallets). I guess the SEC was able to do that, which is great.

[@OmniscientIgnorance]

@@CsabaTothMr these pump and dump scams are even more common in crypto.

[@Jake-zl8rl]

@@OmniscientIgnorance even not obvious too.

[@stevejackson3396]

Dude. You defended your scammer buddies. When push comes to shove, you’re just like these guys you target.

[@michaelbrandon1222]

Nah, it's all good I heard they planted a tree once!

[@rizkizx4429]

they did that ?

[@rustyray420]

I don't think you can talk about influencer scammers after defending your influencer friends' scamming

[@t1intern677]

You make excuses for scammers. Chill.

[@bobbobber9211]

The irony😂😂😂

[@bigpapisosa7097]

I'm here for the "Spencer's friends" comments 😂

[@musti7516]

I used to be excited seeing Spencer’s videos. Now it leaves a bad taste knowing he defended his scammer friends. Never trust a youtuber

[@redfin382]

Coffee has yet to betray his fan base.... He doesn't even take any sponsors..

[@TheSuperCoolMan122]

wow that's ballsy, to do this with stocks instead of crypto

[@D3P.17]

This has been occurring with stocks for decades..

[@VirgilZandig]

Imagine having the opportunity to take $5 million to a non-extradition country and instead spending 20 years in prison.

[@nekonetflux2258]

Finally a man with some logic

[@7betJesus]

Your chances of not getting extradited for these charges are basically zero. No country will tell America to fuck off for thieves if there’s no death penalty involved.

[@vlcheish]

@@7betJesus Also you never know in the future if some deal is cut when relations between countries change. Really you need to go into hiding for the rest of your life abroad and not count on a lack of extradition to save you.

[@ljpal18]

Didnt meetkevin and financial education pump and dump their audience?

[@brooksnelson9951]

I got kicked out of Atlas in 2020 for calling them out. They consistently left their followers holding the bag after their pump and dumps. People continued to blindly follow their lead.

[@memeconnect4489]

sounds like a typical earth 2 fan

[@zimbu_]

This is basically exactly what a 2008-2010 era Runescape scam merchanting clan like Smokin Mils would do, including things like the insider dump prices being 20-70% of the target price told to the bagholders (or "lower ranks" as you would call them in Runescape). I swear I'm forever immune to scams because I've seen them all in that game.

[@flatboy13]

Holy shit Smokin Mils, what a throwback lmao

[@narem1092]

Here before the "when are you going to call out your friends" comments. Day 669

[@NomaD10111]

Man yoall are just annoying at this point,go harass SBF or his Dofus GF who are responsible for this.

[@tonetwotimes]

When is he going to call out his friends?

[@dongueW]

😂😂

[@kissconsider]

@@NomaD10111 its better than the scam youtube bots

[@frankom2862]

Spencer, one of an FTX guys talking on pumping and dumping 🤣

[@geetee2694]

When did he promote FTX.

[@jaymoney7984]

Fax. Spencer is the best scam guru

[@baconatorrodriguez4651]

THIS grifter talking about others' pump and dump scams...the cajones on him.

[@oscarusestools]

But let’s stay quiet about Jeremy financial, meet Kevin, Stephen Graham (oaki enu shitcoin pumper)

[@plark7323]

Spencer should do a video on himself and his buddies

[@NomaD10111]

Man yoall are just annoying at this point,go harass SBF or his Dofus GF who are responsible for this.

[@joshuad1716]

@@NomaD10111What do SBF and the doll from SAW have to do with spencer promoting scams and selling out his channel for 2-4k promotions with his scummy friends like drunk driving meet Kevin?

[@uuuuu9313]

Man come on you all are just starting to look corny now

[@ski_ba]

Thanks for coming back with your astro-turf accounts again and pumping the video into the algorithm even more : ) Once again, be sure to come to the next video (as usual) to help promote Spencer even more!

[@dennisni5600]

tell us what buddy or better make yourself videos about it. come on dude!

[@3hristopher]

Who is the audience getting caught up in this

[@vazzed]

People with expendable money. That cry when the lose it.

[@vatoloco389]

@@vazzed more like young adults

[@me0101001000]

I think a legal framework needs to be put in place where influencers are treated the same way as advisors in the face of the law. It would definitely destroy a lot of influencer groups, but it would also save a lot of people their time, their money, and most importantly, their lives.

[@greenflagracing7067]

as a general rule of law, you are what you do (if you act like a real estate broker and do the things that real estate brokers do, you'll be held to be a real estate broker and if you don't have a license, you're screwed). Labelling yourself as a "lion tamer not a broker" won't fix that.

[@me0101001000]

@@greenflagracing7067 can that be extended to the gate of entry as well? Not just in real estate, but to investing as a whole, and further yet into science, medicine, fitness, and other areas with these "influencer" types. There has to be a way to not just put a stop to it, but to prevent it altogether.

[@KnarBurger]

Spencer doesn't want anything like that. All of his friends would be locked up. Like literally all of them. It's sad to see the crowd he runs with now. Thinks he's a big time baller now to.

[@sdotcire2574]

"I'm curious to see how payouts work..." Not curious enough to read the entire SEC press release that you displayed in the video though because they spell it out pretty clearly 😜. "Payments to whistleblowers are made out of an investor protection fund, established by Congress, which is financed entirely through monetary sanctions paid to the SEC by securities law violators. No money has been taken or withheld from harmed investors to pay whistleblower awards. Whistleblowers may be eligible for an award when they voluntarily provide the SEC with original, timely, and credible information that leads to a successful enforcement action. Whistleblower awards can range from 10 to 30 percent of the money collected when the monetary sanctions exceed $1 million." Other than that, I really enjoyed the video, thanks! :)

[@GrammarSplaining]

Man, being forced to give money to the cops who busted you must be the ultimate burn.

[@SkamGame]

Thank you Lord Cornelia for covering this story.

[@khunopie9159]

All hail Lord Korn!

[@Locoking420]

Cool now do your friends that you refuse. Coffee Zilla has called you out and you stayed silent

[@xmuta]

Spencer is also a scammer.