How Does a Pump-and-Dump Scam Work?A pump-and-dump scam is the illegal act of an investor or group of investors promoting a stock they hold and selling once the stock price has risen following the surge in interest as a result of their endorsement.1 Here, we take a closer look at how pump-and-dump schemes work and how to avoid them.
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This article is like the insiders view of Goldy and Crew's playbook.