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Pump and dump (en.wikipedia.org)

submitted 3 weeks ago by [email protected] to c/[email protected]

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Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. [...]

While fraudsters in the past relied on cold calls, the Internet now offers a cheaper and easier way of reaching large numbers of potential investors through spam email, investment research websites, social media, and misinformation

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[–] [email protected] 4 points 3 weeks ago

Ha, ha.. Not anymore