Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements.
A pump and dump scheme is a misrepresentation, or a market manipulation, conducted by scammers to artificially inflate the price of a security to make a profit.
Securities fraud itself is not a complicated concept but can be particularly difficult to grasp if you lack an understanding of securities regulation.
Generally, securities fraud occurs when someone makes a false or misleading positive statement about a company or the value of its stock, inducing others to make a financial decision based on that false statement.
Pump-and-dump schemes are a common fraudulent practice in the cryptocurrency ecosystem. Users will often coordinate on Discord and Telegram channels, sometimes with upwards of 100,000 members
Boots at the Boar Premium Member over 3 years ago
The best financial advice comes unsolicited from woodland creatures.
nosirrom over 3 years ago
Well if Bitcoin doesn’t work for you how about GameStop.
BTW have you noticed that while Bitcoin is referred to as a cryptocurrency it acts more like a commodity or stock?
Breadboard over 3 years ago
RJ change that to a box of Wine. She likes it ;-)
P51Strega over 3 years ago
Raccoon racceteer getting into the cryptocurrency raccet.
Ellis97 over 3 years ago
I could use a financial advisor.
Holden Awn over 3 years ago
Pump and dump? Is that a slang phrase for breaking up with yer girlfriend? Like ghosting but after the bedroom calisthenics?
briangj2 over 3 years ago
Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements.
https://www.investopedia.com/terms/p/pumpanddump.asp
A pump and dump scheme is a misrepresentation, or a market manipulation, conducted by scammers to artificially inflate the price of a security to make a profit.
Securities fraud itself is not a complicated concept but can be particularly difficult to grasp if you lack an understanding of securities regulation.
Generally, securities fraud occurs when someone makes a false or misleading positive statement about a company or the value of its stock, inducing others to make a financial decision based on that false statement.
https://www.criminallawyergroup.com/practice-areas/securities-and-commodities-fraud/pump-dump-schemes/
Pump-and-dump schemes are a common fraudulent practice in the cryptocurrency ecosystem. Users will often coordinate on Discord and Telegram channels, sometimes with upwards of 100,000 members
https://www.forbes.com/sites/rachelsandler/2021/03/05/john-mcafee-indicted-on-fraud-money-laundering-charges-in-pump-and-dump-crypto-scheme/?sh=2b24a4112669
Darryl Heine over 3 years ago
How do you get BITCOINS?