If someone wants to pump and dump, well, they probably can.
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Pump-and-dump schemes can artificially inflate the value of a currency.
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But his new A-list investors show Harbor is no pump-and-dump.
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They also warn against pump and dump language found on many ICO pages.
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A majority of the rest are "pump-and-dump scam operations," he said.
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The most common scam in these cases is called a "pump and dump" scheme.
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" 'Pump and dump' means you dredge it, deposit it and walk away," he continued.
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Enter moms Shayna Ferm and Tracey Tee, the creators of The Pump and Dump Show.
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Forbes also has some good tips here on how to avoid "pump and dump" scams.
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It's a colossal pump-and-dump scheme, the likes of which the world has never seen.
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One common approach is the pump-and-dump where criminals hype a stock before exiting positions.
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Some cryptocurrency pump-and-dump and pyramid schemes have resulted in Bernie Madoff-like levels of fraud.
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Many were outed as frauds and subpoenaed by U.S. regulators who repeatedly warned of "pump and dump" schemes.
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The Securities and Exchange Commission brought charges for what it called "classic pump-and-dump schemes" in September.
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Many of the tokens I've seen are true crapshoots and are used primarily as pump and dump vehicles.
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Those spam messages may have been criminal in their own right, including "pump and dump" stock market schemes.
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In my opinion, it's a colossal pump-and-dump scheme, the likes of which the world has never seen.
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" He also said the proof the bank exercised control over the alleged pump-and-dump scheme was "relatively thin.
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In May, a man admitted to involvement in what prosecutors called a large "pump-and-dump" scheme involving Cynk.
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Signs of inflated prices in some stocks have triggered pump-and-dump fears that could rebound on retail investors.
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Then in 1998 he was convicted of racketeering in connection to a pump-and-dump scheme with a penny stock.
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Russia-based Genesis Vision, the company whose currency was exploited in the pump and dump above, is a good example.
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The U.S. Commodity Futures Trading Commission (CFTC) joined other regulators sounding the alarm on "pump-and-dump" cryptocurrency investing schemes.
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The US attorney who oversaw Sater's pump-and-dump case was Loretta Lynch, later the attorney general under President Barack Obama.
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We decide to ask the doctor about drinking while breastfeeding, and vow to figure out the whole pump-and-dump thing.
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What's clear is that such disreputable methods as "pump and dump" and "spoofing" are possible because exchanges like Bitfinex are unregulated.
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The agency has warned investors of pump-and-dump schemes, shut multiple down, and charged some backed by celebrities with fraud.
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Some online groups openly try to manipulate the prices of digital tokens in what are known as pump-and-dump schemes.
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The virtual currency flyaround • Matt Levine writes that a pump-and-dump mentality that has taken hold of some Bitcoin trading.
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Last year's contagion of "Initial Coin Offering" scams used the same pump-and-dump methods employed by fraudulent microcap penny stocks.
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Pump and Dump: This isn't a phrase native to cryptocurrencies, but has become part of the conversation due to the aforementioned shills.
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And here's a look inside another internet scheme — the online "pump and dump" chat groups that scam thousands of wannabe cryptocurrency investors.
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We are seeing white papers for technology that doesn't truly belong on the blockchain or, worse, could be pump-and-dump schemes.
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The exchange said it will punish investors engaged in abnormal trading behaviors including fake bidding, pump and dump, and stock price manipulation.
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Assuming the prize for getting in early is more units of Bitcoiin, that's how pyramid or "pump and dump" schemes generally work.
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"I don't feel like men get asked that question about how do you balance life," she says on Netflix Family's Pump and Dump.
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These are no unloved "pump and dump" nachos, where you'll end up with a sad spread of topping-less chips on the bottom.
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"A lot of what you usually see with the corps is known as 'pump and dump,' " Callahan said once we reached the island.
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John O'Rourke resigned as C.E.O. of Riot Blockchain after the S.E.C. accused him of being involved in a pump-and-dump fraud scheme.
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Improper safeguards could lead to pump and dump schemes where those late to buy in get screwed when prices snap back to reality.
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The United Airlines pump-and-dump scheme isn't necessarily something anyone would specifically think to look into — it just emerged from examining his returns.
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Other alleged conspirators were rounded up in 2015 in Israel on charges that included pump-and-dump stock market schemes and illegal internet casinos.
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Fake news and fake tweets are used in pump-and-dump schemes, and Bitfinex itself was targeted with a different scam just last month.
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Consider also the disinformation-fueled crypto pump and dump scams that seek to capitalize on crypto volatility at the expense of people getting duped.
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And they might be involved in so-called pump-and-dump schemes, which convince investors to buy thousands of shares of a penny stock.
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"It would shock me if you don't see pump-and-dump schemes in the initial coin offering space," SEC Chairman Jay Clayton said Thursday.
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Last week, the staid Hong Kong exchange got a dose of the kind of speculative "pump and dump" sometimes associated with China's retail-driven markets.
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In reality, it was an elaborate and illegal "pump and dump" stock scheme that defrauded investors out of nearly $40 million, according to court records.
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There have been far too many token sales that can be considered simple pump and dump schemes for anyone to ignore the community growth aspect.
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In 2013, Adele revealed that — along with a number of other female stars — she was running to the bathroom between awards to pump-and-dump.
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This variation of the old-school stock scam known as pump and dump was revived in the mid-2000s by traders using hackers to manipulate prices.
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Then maybe book a ticket to see The Pump and Dump show so you can laugh and cry alongside a bunch of other mamas who relate.
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The agency has warned of pump-and-dump schemes in ICOs, and stepped up its enforcement with crackdowns on fraud and scores of subpoenas this year.
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The agency has cracked down on ICOs year: It has continuously warned of pump-and-dump schemes, issued subpoenas and charged multiple coin projects with fraud.
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The U.S. Securities and Exchange Commission issued a warning on Monday about potential internet coin offering (ICO) scams and "pump and dump" schemes by public companies.
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The popularity of The Pump and Dump Show is proof that an irreverent show about parenting is just what most moms and dads need to stay sane.
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He relied on a "pump-and-dump" scheme, where his company bought really cheap stocks and tried to sell them at much higher prices to gullible bidders.
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It's too volatile to be a stable store of value, and is easily susceptible to fraud like spoofing, pump-and-dump schemes and front running on prices.
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A "pump and dump" refers to buying up a bunch of coins, talking up how great the coin is, and then selling it if the price rises.
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Some employ old-school pump-and-dump schemes from the world of stock trading, while others are transparent trolls like the one ICO hawking something called Ponzicoin.
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The agency has cracked down on ICOs this year: It has continuously warned of pump-and-dump schemes, issued subpoenas and charged multiple coin projects with fraud.
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"Pump and dump" is a form of securities fraud common among penny stocks, in which shareholders attempt to artificially inflate the price of stock through misleading statements.
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The financial watchdog has warned of pump-and-dump schemes in ICOs, shut some down and charged one backed by Floyd Mayweather and DJ Khalid with fraud.
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On October 6th a group filed a class-action lawsuit in New York, accusing Tether of being "part-fraud, part-pump-and-dump, and part-money laundering".
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Tobin faced two charges of securities fraud for his role in a pump-and-dump scheme involving the manipulation of stock from two companies he secretly owned.
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Meanwhile, the startup uses both human and third-party software-based systems to moderate its crypto chat rooms to make sure pump and dump schemes aren't running rampant.
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In a pump-and-dump game, promoters "pump" up the price of a security creating a speculative frenzy, then "dump" some of their holdings at artificially high prices.
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There are obvious references to pump-and-dump tactics, celebrity promotions, falsified endorsements, and you'd better act fast if you want to get in on the ground floor.
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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission said on Friday it has charged 10 individuals and 10 associated entities in long-running microcap "pump-and-dump" schemes.
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In 220, Sater pleaded guilty to racketeering—operating a "pump and dump" stock fraud in partnership with alleged Russian mobsters that bilked investors of at least $2000 million.
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"The only time we would tell a woman to pump and dump is if she has been drinking and she's getting uncomfortable because she's getting full," Ellett says.
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"If there's one flight where you can just pump and dump and no one cares, it's this one," said Ms. Zuckerberg, whose brother is the C.E.O. of Facebook.
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The Securities and Exchange Commission has warned of pump-and-dump schemes, shut multiple down, and recently charged one backed by Floyd Mayweather and DJ Khalid with fraud.
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Many have been plagued by technical problems and hacks, and the Commodity Futures Trading Commission warned investors to be wary of fraudulent "pump and dump" schemes (reut.rs/2FyYxOP).
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"We feel it's worth asking the question of, is this a one-off novelty pump-and-dump IPO, or is this a new trend with these unicorns?" he said.
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First, the industry can ignore rationality and decorum and pump and dump ICOs all day long until the SEC, the FBI and European authorities shut down every single one.
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Or, if the industry takes the slow and steady route, builds self-regulatory bodies and avoids scammy pump-and-dump tactics, then perhaps the industry can grow into maturity.
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For example, Incentivai might learn that uneven token distribution leads to pump and dump schemes, so the developer should more evenly divide tokens and give fewer to early users.
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Going all the way back to 2500, I reported that virtual currency markets were subject to pump and dump schemes that were promoted on Twitter and other social media.
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Pump-and-dump stock schemers could create an A.I. stock-picker that writes false analyst reports, thus triggering automated quants to sell and causing flash crashes in the market.
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What he found was shocking: The documents showed the inner workings of the pump-and-dump scheme, which involved more than a dozen traders and muscle from the Italian mob.
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An early promoter and organizer of Big Pump Signal, one of dozens of pump-and-dump groups on Telegram, did not respond to a request for comment to BuzzFeed News.
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Oftentimes, the only people certain to benefit in a pump and dump are its organizers — and sometimes they're running smaller, more exclusive Telegram groups intended to further maximize their schemes.
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It seems likely, in retrospect, that Jacobson believed in Schultz's vision primarily as a vehicle to enhance the returns on a pump-and-dump scheme he was building around Premiere.
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So unless you plan on pumping or nursing right after throwing back a glass of wine, you don't have to avoid alcohol or deal with the dreaded pump and dump.
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Its messaging app is used by the majority of ICO projects, with its group feature particularly popular among crypto watchers — that includes more shady elements such as 'pump and dump' scammers.
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The SEC in 2015 sued Caledonian and three broker-dealers in Belize and Panama, accusing them of offering and selling unregistered penny stocks to investors through several "pump-and-dump" schemes.
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Hong Kong police have struggled to deal with digital pump-and-dump schemes targeting brokerages - a little-known type of computer-generated fraud that surged in the Chinese territory last year.
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I do not—I repeat, I do not—want Bogosian, but he's a young right-handed defenseman and I think we can pump and dump him to some other team later.
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Florida businessman Barry Honig plans to settle charges brought by the Securities and Exchange Commission, the SEC said, in what it called "classic pump-and-dump schemes" when the charges were announced.
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Crypto Callz currently has about 5,729 members, and it's one of dozens of pump-and-dump groups that have set up shop on Telegram, one of the world's most popular messaging apps.
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In November, a Business Insider investigation discovered that "pump and dump" scams — where investor groups artificially inflate cryptocurrency values by orchestrating mass purchases of coins — were "rife" on the US exchange Bittrex.
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It's common for a coin to fluctuate double-digit percentages within a day, often because of "pump-and-dump" techniques from coordinated users trying to manipulate prices in completely unregulated free markets.
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The SEC brought the action for "three highly profitable 'pump-and-dump' schemes perpetrated by Honig, [John] Stetson, [Michael] Brauser, O'Rourke, [Mark] Groussman, and [Phillip] Frost, and their entities," the complaint alleged.
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For the last 19 years, he has been in and out of legal trouble for everything from involvement in a mob stock pump-and-dump scheme to custody issues involving his children.
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"Pump and dump" is a term used when women use a breast pump to express milk and then dump it out, sometimes after drinking or taking a medication that isn't compatible with breastfeeding.
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A totally unrelated shady thing the Times found in Trump's tax returns from the 1980s is that he used to parlay his celebrity status into a kind of pump-and-dump stock scam.
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Though the US Securities and Exchange Commission has determined ICOs must be held in accordance with federal securities law, warning of "pump and dump" schemes, a total crackdown has yet to occur stateside.
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On her Instagram Story, the model shared the same image with the caption, "More like cowchella lol Jamiroquai was soooo worth the pump and dump," referencing the British funk and jazz band performing.
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Pump-and-dump scams involve a group of insiders that artificially bid up shares of a company to lure in unsuspecting buyers and then quickly bail out of the stock at a profit.
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Prosecutors said Mulholland, 46, was behind that volatility after he and his co-conspirators amassed control over the free standing Cynk shares to conduct what is known as a pump-and-dump scheme.
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Most cases brought by the US Securities and Exchange Commission involve operations that purport to be cannabis businesses but instead are schemes -- typically of the Ponzi and pump-and-dump variety, she said.
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"Of course the bots increase the pump and dump potential—if you have 2,000 bots come in and all place buy orders, of course it's going to spike," McAfee told me over the phone.
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"Selling securities generally requires a license, and experience shows that excessive touting in thinly traded and volatile markets can be an indicator of 'scalping,' 'pump and dump' and other manipulations and frauds," Clayton writes.
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The Kelihos botnet was capable of spreading malware, intercepting sensitive information and sending spam emails, including counterfiet drugs and promoting stocks to raise their value -- the so-called "pump-and-dump" stock fraud schemes.
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Gates is far from objectively wrong here—the crypto space is chock full of outright thieving and pump-and-dump schemes, while authorities claim criminals the world over hide billions in profits in various coins.
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Zhang Yu, executive director of China Equities at UBS Asset Management, warned that stocks on the board could easily become the target of pump-and-dump, because "many investors in China are not mature enough".
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Gregg Mulholland, a dual U.S.-Canadian citizen who prosecutors said orchestrated a series of pump-and-dump stock fraud schemes, was sentenced by U.S. District Judge Leo Glasser in Brooklyn to 12 years in prison.
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Even so, in a warming world with increasing greenhouse gas emissions, is it really worthwhile to use zero-emissions power for a volatile cryptocurrency, which one critic has described as "a colossal pump-and-dump scheme"?
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That money flow has caught the attention of the SEC, which has warned of pump-and-dump schemes in ICOs, shut some down, and recently charged one backed by Floyd Mayweather and DJ Khalid with fraud.
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" It's a stronger statement than Clayton offered in September, when, speaking at an event in Washington, he said it "would shock me if you don't see pump-and-dump schemes in the initial coin offering space . . .
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ICOs have boomed this year, with billions of dollars flooding into the sector despite warnings from various authorities—as well as notorious Wall Street scammer Jordan Belfort—many of the companies involved could be pump-and-dump schemes.
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It was a classic pump-and-dump scheme orchestrated in a chat room called "Big Pump Signal," which encouraged its members to retweet or otherwise promote the bogus McAfee and buy and sell GVT at the appointed times.
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Honig and his associates, also based in South Florida, manipulated the stock of three companies in "pump-and-dump" schemes, where they allegedly acquired shares at a discount and artificially boosted prices before selling, according to the release.
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In November 2018, the Securities and Exchange Commission charged Los Angeles finance executive Morrie Tobin for his role in an attempt to defraud investors in two public pharmaceutical companies through a so-called "pump and dump" stock scheme.
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NEW YORK (Reuters) - A California stock promoter was sentenced on Friday to two years and three months in prison for his role in what U.S. prosecutors say was a nearly $100 million penny stock pump-and-dump scheme.
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The botnet at times grew larger than 100,000 simultaneously infected devices to carry out various spam attacks, including pump-and-dump stock schemes, password thefts and injecting various forms of malware, including ransomware, into target devices, the official said.
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According to a U.S. indictment filed last year, Shalon, Orenstein and a third suspect, Joshua Samuel Aaron, had worked with two unnamed stock promoters, one from New Jersey and one from Florida, to run a "pump-and-dump" scheme.
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According to the SEC's press release, Honig and his associates, based in South Florida, manipulated the stock of three companies in "pump-and-dump" schemes, where they allegedly acquired shares at a discount and artificially boosted prices before selling.
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They accuse some activists of spreading false or misleading information to drive a stock down and then quickly cash out, a mirror image of "pump and dump," where unscrupulous investors promote speculative stocks before selling out at the top.
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Prosecutors said from 2008 to 2013, Winick and others sought to fraudulently inflate the share prices and trading volumes of several penny stocks in a pump-and-dump scheme using email blasts, chat rooms and websites containing false information.
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The frenzied buying in Hangzhou Huning Elevator Parts Co, whose business has nothing to do with Wang, offers the latest example of the enduring influence of short-term speculators, despite regulators' stepped-up campaign against "pump and dump" trading.
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A solid blog post can move untrained "investors" to buy or sell crypto and tokens in an instant, creating situations ripe for pump and dump schemes where the actual level of interest in a company is clouded by payola.
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As a tight-knit industry, it's not uncommon for fund managers to be friends or in other relationships with folks developing token projects, giving them unchecked access to information or the ability to "pump and dump" a new token.
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NEW YORK (Reuters) - Florida biotechnology billionaire Phillip Frost has agreed to pay $5.52 million to settle U.S. Securities and Exchange Commission civil charges over his alleged role in "pump-and-dump" schemes that left investors with virtually worthless stock.
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Boiler-room firms have used the tactic known as "pump and dump"—spread the rumour that a company is about to launch a hot, new product, or be taken over, and let small investors buy the shares at an inflated price.
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Rather than selling scam tokens, criminals target legitimate currencies, either by stealing funds from ICOs or by manipulating prices through the type of "pump and dump" schemes often used with penny stocks and other less-liquid assets, the report said.
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Robert Bandfield admitted to involvement in what prosecutors called a large "pump-and-dump" scheme that in 2014 briefly caused the market value of Cynk Technology Corp, a development stage company with no revenue or assets, to rocket past $6 billion.
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" Harris, who is also founder of Personal Capital Corporation, came out swinging against bitcoin in an April op-ed in which he called the cryptocurrency a "colossal pump-and-dump scheme, the likes of which the world has never seen.
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Assistant U.S. Attorney Eric Rosen said in court the scheme was uncovered during an investigation into an unrelated "pump-and-dump" stock market scheme involving a California man, who told prosecutors he was engaged in a bribery scheme with Meredith.
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Prosecutors in Brooklyn, New York, said Beaufort and two of its managers, Peter Kyriacou and Vinesh Canaye, defrauded investors from March 503 to February 2018 by hiding their ownership in and manipulating prices of U.S. stocks, including through "pump-and-dump" schemes.
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There's the flavor of the month pump-and-dump cryptocoins, the drastic implosion of Bitcoin exchange Mt. Gox, the prosecution of dark web drug market The Silk Road's Ross Ulbricht, and accusations of corruption leveled at board members of The Bitcoin Foundation.
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"It's important to us to be seen by the marketplace as a real investment and not just a pump and dump, hence us going for more institutional investors that aren't trying to flip their positions as soon as they become liquid," Cohen explains.
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According to the SEC's press release announcing the case, Honig and his associates, based in South Florida, manipulated the stock of three microcap companies in "pump-and-dump" schemes, where they allegedly acquired shares at a discount and artificially boosted prices before selling.
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Bets on so-called "concept" stocks - a popular practice in China - underscore the enduring influence of short-term speculators, despite a campaign by regulators against "pump and dump" trading ahead of the inclusion this June of China's A-shares in MSCI's global indexes.
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The original tip that led to uncovering the college scandal stemmed from an unrelated securities fraud probe into Morrie Tobin, a Los Angeles resident who prosecutors said engaged in "pump-and-dump" stock market schemes, a person familiar with the matter said on Thursday.
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Earlier this year, MGT Capital Investment severed ties with McAfee after he led it into a disastrous pivot to cryptocurrency mining, with the erstwhile security guru attracting a reputation as a pump-and-dump operator as well as the prying eyes of regulators along the way.
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In the end, federal prosecutors said that attack might have been partly the work of Israeli nationals and individuals who knew each other from Florida State University, and that their attack on the bank may have been aimed at advancing a pump-and-dump stock scheme.
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"If a mom chooses to have more than one to two drinks, or feels very buzzed or drunk, she can 'pump and dump' her breasts for comfort until she feels more neurologically okay to feed her baby," Sjoblom explained, adding a mother should wait until she feels sober to resume feeding.
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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission has charged Wedbush Securities Inc for failing to supervise an employee after the broker-dealer ignored red flags that the employee was involved in a "long-running pump-and-dump scheme targeting retail investors," the agency said in a statement on Tuesday.
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" To gear up for her current promo tour, the actress, who recently welcomed second daughter Violet, had a big at-home fitting with her stylist Jessica Paster, saying at the time, "My friend is coming over with a nice bottle of pinot noir, so it might be a pump-and-dump night.
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Jordan Belfort, the so-called "Wolf of Wall Street" behind the 1990s-era Stratton Oakmont pump-and-dump scheme that authorities estimated bilked investors of at least $200 million, told the Financial Times in a recent interview that people should have have been a bit more cautious before pumping sketchy ICOs full of billions of dollars throughout 2017.
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They said the enterprise: •Manipulated securities markets •Created and manipulated fake companies •Artificially pumped up stock prices with scam emails •Ran online casinos •Operated an illegal Bitcoin exchange •Laundered money through at least 75 shell companies and accounts around the world Prosecutors described a classic "pump and dump" operation, which they said often ran through legitimate financial accounts in Aaron's name.
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