He gained a social media following promoting penny stocks. Now the SEC is going after him.

The U.S. Securities and Exchange Commission has filed a complaint in U.S. District Court against Ahmed Alomari, a self-proclaimed millionaire and stock guru known as “GMoney,” for allegedly misleading investors by failing to disclose his self-interest in deals. Alomari, 39, operated under various names and promoted microcap stocks without revealing that he was being paid to do so. The SEC seeks to bar him from violating securities laws and anti-fraud provisions, as well as to relinquish any profits gained. Alomari may face civil penalties and restrictions on engaging in penny stock sales. Despite his claims of creating a large social media influencer network, Alomari did not comment on the allegations. The SEC also accuses him of manipulating the market by promoting certain companies without proper disclosures. Alomari allegedly used his wife as a front for his business operations. The SEC has charged Alomari with violating securities laws and illegally promoting securities without disclosing compensation received. Property records show that the IRS has placed a lien on Alomari’s home for unpaid taxes.