Earth2.io 5% discount code: 72TXTCGBB3

Earth2.io 5% discount code: 72TXTCGBB3

What is pump and dump?

You wake up, your 200 tiles in zimbabwe have gone up 10.000% is this real?

What is pump & dump?

“Pump and dump” (P&D) is a form of securities fraud that involves artificially inflating the price of an owned Land property (or stock) through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. 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 and very small corporations, i.e., “microcaps”. This practice is illegal based on securities law and can lead to heavy fines. 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, bad data, social media, and false information. Example Stratton Oakmont In the early 1990s the penny-stock brokerage Stratton Oakmont artificially inflated the price of owned stock through false and misleading positive statements, in order to sell the cheaply purchased stock at a higher price. Firm co-founder Jordan Belfort was criminally convicted for his role in the scheme. He later turned his story into a memoir, The Wolf of Wall Street, which was later adapted into an Academy Award-nominated film of the same name.

Author: Krepo Brooke #0558

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Written on: 10-1-2020