Pump and Dump scams are a Securities Fraud.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.https://en.wikipedia.org/wiki/...One such tactic that has played out in the past is when a “celebrity” heavily advertises and promotes a new business or a p...
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