The U.S. Attorney for Northern California has indicted James Craig, a 62-year-old Scottish trader, for using two fraudulent Twitter accounts to illegally manipulate the stock market. Craig reportedly created the accounts pretending to represent research firms, tweeted false information about publicly traded stocks, and then purchased shares when the prices dropped. While he may not have seen a big payoff (the SEC complaint notes that he waited too long to trade the stocks), “prosecutors allege that Craig’s false tweet-storms caused $1.6 million in losses to shareholders,” explains Ars Technica. Craig is not in custody, as his whereabouts are currently unknown.