Kenneth Thom, a previously suspended investment broker, has admitted to defrauding investors of hundreds of thousands of dollars through a social media scam. He used social media platforms to sell trading courses and provide investment advice to his followers. He also created a Facebook group called "K$ Trading Group" to share his successful trades. Despite receiving a combined $800,000 from 67 clients, he used about $350,000 to trade, resulting in a 73% net loss. The remainder of the investor money was used for personal expenses. During the investigation, Thom admitted to mixing an investor's funds with money in his personal account and lying about withdrawing the funds.