50 Cent's lucrative stock tweet under scrutiny

January 13, 2011 5:33:30 PM PST
The government is taking a closer look at the legality of rapper 50 Cent's latest stunt, a stunt that made him millions using Twitter.

Last weekend, 50 Cent tweeted his almost four million followers they could double their money if they bought stock in H & H Imports. A company he happens to partially own, that had been losing lots of money. By Monday morning, the stock jumped 450 percent. That jump was enough to earn the rapper at least $8.7 million.

There is speculation that the Securities and Exchange Commission may now investigate whether his comments violate trading laws. The SEC has not specifically commented on the case.