Four individuals are currently facing criminal charges for their involvement in a pump-and-dump scheme related to ASX penny stocks on Telegram. The quartet’s actions have caught the attention of authorities, leading to legal consequences. The scheme involved artificially inflating the price of certain stocks through misleading information, only to sell them off for a profit once the price had risen. This deceptive practice is illegal and can harm unsuspecting investors. The quartet will now have to face the legal repercussions of their actions as they navigate the criminal justice system.