Is PJ Matlock in jail? There have been reports of eight influencers being detained. Last week, eight social media influencers were accused of utilizing their online celebrity to falsely raise the stock value, netting them $114 million.
The influencer may face up to 25 years in prison for the scam in which they were implicated. More information about them is still being withheld; people are interested in the case and Matlock, who was also implicated in the deception. Please keep reading to find out more about PJ Matlock; we’ll cover all you need to know about the case.
Is PJ Matlock in jail?
Yes, Perry Matlock, or PJ, was arrested along with seven of his buddies last week and accused with unlawfully earning money. Eight of them, including Matlock, collaborated to find and promote a stock to manipulate; they have been engaged in this criminal activity since January 2020. Following an investigation, each of them was detained and is currently under police investigation. Matlock had avoided confronting his guilt until now. More information, hopefully, will be available shortly following further inquiry.
What happened to PJ Matlock, and where is the social media influencer now?
According to court records, Matlock and his seven pals were involved in a wide-ranging securities fraud scheme. They abused social media, and they leveraged the defendants’ enormous social media presence on Twitter and Discord to generate interest in certain securities by providing false information to boost the values of such securities, which virtually convinced many individuals out there.
All influencers have been charged with one count of conspiracy to conduct securities fraud, which carries a maximum sentence of 25 years in prison. Matlock has over 340,000 Twitter followers and is also active on Instagram. On Wednesday, December 14, court papers show him driving a black-and-orange McClaren. Matlock is now being investigated by the police. People believe anything because of social media; they don’t understand it’s a scam until they’re duped.
Everyone should be cautious of deception; even a close relative may do anything for profit. The FBI Houston Field Office is currently investigating the matter, so additional information should be available shortly. According to the source, the penalty for the fraud they perpetrated is 25 years in prison, but with each charge, they might face at least 10 years in prison.
Every one of the eight of them has made a good living during the last two years. Matlock shared a photo of himself with a Lamborghini, one of the most costly automobiles. Not only is he the co-founder of Altas Trending, but he also uploaded a photo of himself with Lamborghini with the words Welcome to the Family. They gained about 113 million dollars by deceiving their fans on Discord and Twitter.
