Nick Link
4 days ago
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.
Here, we take a closer look at how pump-and-dump schemes work and how to avoid them.
KEY TAKEAWAYS
Pump-and-dump is a scheme that attempts to boost the price of a stock through recommendations based on false, misleading, or greatly exaggerated statements.
The favored medium of communication for traders involved in pump-and-dump is social media platforms or anonymized messaging apps like Telegram and Discord.
Promoters of the scheme will then begin to coordinate rumors, misinformation, or hype in order to artificially increase interest in the security, driving up its price.
Then, once the price of the stock has been increased sufficiently by unsuspecting marks, the promoters then sell the stock at high prices.
The Basics of a Pump-and-Dump
Pump-and-dump schemes were traditionally done through cold calling. But with the advent of the internet, this illegal practice has become even more prevalent. Fraudsters post messages online enticing investors to buy a stock quickly, with claims to have inside information that some development will lead to an upswing in the share's price. Once buyers jump in, the perpetrators sell their shares, causing the price to drop dramatically. New investors then lose their money.
These schemes usually target micro- and small-cap stocks, as they are the easiest to manipulate.
Due to the small float of these types of stocks, it does not take a lot of new buyers to push a stock higher.
The stock is usually promoted as a "hot tip" or "the next big thing" with details of an upcoming news announcement that will "send the stock through the roof". The details of each individual pump-and-dump scam tend to be different but the scheme always boils down to a basic principle: shifting supply and demand. Pump-and-dump scams tend to only work on small and micro-cap stocks that are traded over the counter.
These companies tend to be highly illiquid and can have sharp price movements when volume increases. The group behind the scam increases the demand and trading volume in the stock and this new inflow of investors leads to a sharp rise in its price. Once the price rise has been formulated, the group will sell its position to make a large short-term gain.
Nick Link
4 days ago
The indictment undertook to allege in the same count, first, the commission of perjury by one Almashy, and then the subornation thereof by Link. The false oath was made before a United States Commissioner, to procure, under the National Prohibition Act (Comp. St. Ann. Supp. 1923, Β§ 10138ΒΌ et seq.), a search warrant for a house, and declared a purchase there by Almashy. The indictment-allegation of Almashy's perjury was in all respects completely formal, save that it omitted the word "willfully." The allegation of subornation is β "one Nick Link, well knowing that the * * * affidavit so given * * * as aforesaid was knowingly, willfully and corruptly made, as aforesaid, did feloniously willfully and corruptly suborn, incite and procure, etc." We are not prepared to say that in view of the scope which the courts in late years have given to the curative effects of R.S. Β§ 1025 (C.S. 1916, Β§ 1691), and section 269 of the Judicial Code (Comp. St. Β§ 1246), we would now be as strict in requiring the presence of "willfully" in a perjury indictment, as were some of the older decisions, like U.S. v. Edwards (C.C.) 43 F. 67, and U.S. v. Howard (D.C.) 132 F. 325 (though see U.S. v. Cruikshank, 92 U.S. 542, 23 L. Ed. 588). The strictness would be particularly unnecessary in a case where the full circumstances stated strongly suggested willfulness. However that might be, when we find that the false oath was taken, knowing it to be false, and then that its making was corruptly suborned and procured by another, every suggested element of perjury carried by the word "willfully"
TAZMANS
4 days ago
$ILIS
Thanks for the feedback, you did very well! Again, at the current PP of .005 ish, if they execute the merger (QIND, step 1) the pendulum could start to swing in the other direction and begin to restore some credibility. That's a huge IF based on past performance............and then it still is a steep road to climb, time will tell very soon!
I purchase out-of-favor stocks at my perceived bottoms, some losers, but fortunately more winners at this point....lol
Sincerely,
TAZ
TAZMANS
4 days ago
$ILUS
In at .0047, not .15, minimal risk at this pp, we will revisit in 4 weeks to see who will be LMAO.
It's just crazy, looks like old stalkers are coming out of the woodwork, at this time, it's just weird, IMO!
Have fun and good luck with your other endeavors, lol
TAZ
Mr. Jeske
4 days ago
You're full of s**t Stealth. Yeah folks, listen to Stealth telling you not to worry about the details. Don't think folks, just invest more & more, then click your heels and hope like Hell. Forget those boring details folks, just good old Stealth here, the financial adviser that doesn't do details. Also those documents are vague on these issues.
Mr. Jeske
5 days ago
Yeah, that all sounds great Nick, but how 'bout telling us factually about customers, contracts, dates, times & $$$. In short, we want to know about who's buying what, when & how much. You keep talking about Profits but you don't show or prove anything on these issues. Please prove that you in fact have paying customers. Lay it out for us please, or is your said "revenues/ Profits" really just money being pumped in from the Middle East and simply listed as "revenues/ profits"? I'm NOT investing another dime in ILUS until you do.