Is PJ Matlock in jail? There were reports of the arrest of eight influencers. Last week, eight social media influencers were accused of using their online celebrity to falsely inflate their stock values, netting them $114 million.
An influencer can face up to 25 years in prison for the fraud they were involved in. More information about them is still withheld; people are interested in the case and Matlock, who was also involved in the fraud. Continue reading to learn more about PJ Matlock; we’ll cover everything you need to know about the case.
Is PJ Matlock in jail?
Yes, Perry Matlock, or PJ, was arrested along with seven of his friends last week and charged with money laundering. Eight of them, including Matlock, cooperated in finding and promoting manipulable stocks; Since January 2020, they have been engaged in this criminal activity. After the investigation, each of them was taken into custody and a police investigation is being conducted on him. Matlock has so far avoided confronting his guilt. More information will hopefully be available shortly after further enquiry.
What happened to PJ Matlock and where is this social media influencer now?
According to court records, Matlock and seven of his friends were involved in a broad securities fraud scheme. They abused social media and used the accused’s huge social media presence on Twitter and Discord to generate interest in certain securities by providing false information to increase the value of such securities, which almost convinced many individuals.
All influencers are charged with one count of conspiracy to commit securities fraud, which carries a maximum penalty of 25 years in prison. Matlock has over 340,000 followers on Twitter and is also active on Instagram. On Wednesday, December 14, court documents show he was driving a black and orange McClaren. Matlock is now being investigated by police. People believe anything because of social media; they don’t understand it’s a scam until they get scammed.
Everyone should beware of fraud; even a close relative can do anything for profit. The FBI’s Houston field office is currently investigating the case, and additional information should be available soon. According to the source, the penalty for the fraud they committed is 25 years in prison, but with each charge they could receive at least 10 years in prison.
Each of the eight has made good money in the last two years. Matlock shared a photo of himself with a Lamborghini, one of the most expensive cars. Not only is he the co-founder of Altas Trending, but he also posted a photo of himself with a Lamborghini alongside the caption Welcome to the Family. They made about 113 million dollars by scamming their fans on Discord and Twitter.
Categories: Entertaintment
Source: HIS Education