Pump And Dump Scheme – I need to understand how a pump and dump scheme works and what its purpose is.
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Answered: July 13, 2023
In a pump and dump scheme, manipulators artificially inflate the price of a stock or security through false information. They make exaggerated claims to attract investors and drive up the price.
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Answered: July 13, 2023
Once the price is high enough, the manipulators sell their shares, causing the price to plummet. This leaves other investors with worthless stocks and the manipulators make a profit at their expense.
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