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). In a classic pump and dump, the scammer first buys lots of cheap shares in some company of little value.
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). In a classic pump and dump, the scammer first buys lots of cheap shares in some company of little value.
Source: Wikipedia "Pump and dump" · CC BY-SA 4.0
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