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pump-and-dump scheme

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Noun1.pump-and-dump scheme - an illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises
dodge, stratagem, contrivance - an elaborate or deceitful scheme contrived to deceive or evade; "his testimony was just a contrivance to throw us off the track"


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Investigator David Horowitz said: "He was running a pump-and-dump scheme every bit as serious as other internet fraud cases we have brought.
The latest pump-and-dump schemes involving oil, gas or alternative energy stocks are of great concern to us," said FINRA CEO Mary L.
 
 
 
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