For other uses, see Pump and dump (disambiguation).
"Night wind hawkers" sold stock on the streets during the South Sea Bubble. (The Great Picture of Folly, 1720)
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. This is most common with small-cap cryptocurrencies[1] and very small corporations/companies, i.e. "microcaps".[2]
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.[2][3]
^Xu, Jiahua; Livshits, Benjamin (2019). "The Anatomy of a Cryptocurrency Pump-and-Dump Scheme". 28th USENIX Security Symposium (USENIX Security 19): 1609–1625. arXiv:1811.10109. ISBN 978-1-939133-06-9.
^ ab"Pump and Dump Schemes". U.S. Securities and Exchange Commission.
^"Wake Up and Smell the Pump-and-Dump". Finra.org. Financial Industry Regulatory Authority.
Pumpanddump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive...
types of investor fraud: Pumpanddump schemes, involving use of false or misleading statements to hype stocks, which are "dumped" on the public at inflated...
Walsh, Dustin (April 17, 2017). "Benzinga says it was among victims in pump-and-dump schemes". Crain's Detroit Business. "Promoters Barred From Penny Stock...
ensure they profit on a classic Pump & Dump scheme to liquidate their ill-gotten shares. (See pumpanddump.) A pumpanddump scheme is generally part of...
penny stocks and defrauded investors with "pumpanddump" stock sales. During his years at Stratton, Belfort led a life of lavish parties and intensive use...
misleading positive statements. This is referred to as a pumpanddump scheme. The pumpanddump is a form of microcap stock fraud. In more sophisticated...
Save the Kids was a cryptocurrency token andpumpanddump scheme launched in 2021, which was marketed as a charity token meant to give a percentage of...
The company's stock, which had once been pumped up to $6 a share, dropped to a price of three cents a share, and the company was shut down. After he took...
knowingly and deliberately misrepresenting facts to inflate the value of an item (as with a pumpanddump scheme). Even when this occurs, wrongdoing (and especially...
function to verify prices of its positions and monitor trading activity. Stratton Oakmont participated in pump-and-dump schemes, a form of microcap stock fraud...
government. Pumpanddump or P&D: a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading...
$500,000 in funds from the liquidity pool of CXCOIN, a cryptocurrency pumpanddump scheme, profiting him over $300,000. Denino stated his intention to...
which later turned into a pump and dump. As of July 2023, Ray has accumulated over 25 million followers on Instagram and a further 12 million on TikTok....
information. When the liquidity and price increase, the manipulator will sell their stock—known as a "pumpanddump" scheme—which is a form of microcap...
Madden's financial affairs were closely entangled with Long Island "pumpanddump" brokerage house Stratton Oakmont, cofounded by Madden's childhood friend...
the company declared bankruptcy and its accounting firm, Arthur Andersen – then one of the five largest audit and accountancy partnerships in the world...
investigated Save the Kids token, a cryptocurrency widely seen as a pumpanddump scheme. He claimed that former FaZe Clan member Frazier Khattri (FaZe...
it to also be a pumpanddump scheme with professional boxer Jake Paul, musician Nick Carter, rappers Soulja Boy and Lil Yachty, and social media personality...
publicly traded stock in a pumpanddump. The suit alleges Cohen conspired with company CFO Gustavo Arnal to release "fraudulent and misleading SEC filings"...
The founder and directors of India-based outsourcing company Satyam Computer Services, falsified the accounts, inflated the share price, and stole large...
family, and GEROVA senior executives, were involved in a "pumpanddump" scheme; it also made ad hominem attacks on both Daniel Ivandjiiski, and his then...
on particular memes such as "doge coins", celebrities like Coinye, andpump-and-dump schemes such as BitConnect—or it may be used to make cryptocurrency...
is a pump-and-dump scheme, McCollum was named as a defendant along with professional boxer Jake Paul, musician Nick Carter, rapper Soulja Boy, and social...
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