Seller of Fake Social Media Accounts Settles with N.Y. Attorney General

Letitia James, the attorney general of New York, announced a settlement with Devumi, a company that sold hundreds of millions of fake followers on Twitter and other social media platforms before going out of business last year. The settlement is one of the first major efforts by regulators and law enforcement officials to investigate the shadowy market of social media fraud, where armies of fake accounts are sold to businesses, politicians and celebrities seeking the appearance of influence.