Denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.
He allegedly cashed out his shares in this company at inflated prices - but not by dumping them on the public in the tried-and-true method of pump-and-dump schemes.
Instead of unwittingly getting inside information, Schwarz ran into the latest version of the classic "pump-and-dump" investment scam sweeping the nation.
The most popular image spam is pump-and-dump stock-scam messages, promoting low-valued stocks in an effort to quickly raise their value.
Of course, recent announcements about new technology purchases seem to have gone nowhere, so it is increasingly sounding like a pump-and-dump type deal.
Murmurings were that another student planned a pump-and-dump operation over the summer.
Definition of pump-and-dump in US English:
pump-and-dump
adjective
informal
Denoting the fraudulent practice of encouraging investors to buy shares in a company in order to inflate the price artificially, and then selling one's own shares while the price is high.
Murmurings were that another student planned a pump-and-dump operation over the summer.
Of course, recent announcements about new technology purchases seem to have gone nowhere, so it is increasingly sounding like a pump-and-dump type deal.
Instead of unwittingly getting inside information, Schwarz ran into the latest version of the classic "pump-and-dump" investment scam sweeping the nation.
He allegedly cashed out his shares in this company at inflated prices - but not by dumping them on the public in the tried-and-true method of pump-and-dump schemes.
The most popular image spam is pump-and-dump stock-scam messages, promoting low-valued stocks in an effort to quickly raise their value.