[cabs103] lesson 3 q5

  • From: "Jennifer Grieb" <griebj@xxxxxxxxxxxxxxx>
  • To: cabs103@xxxxxxxxxxxxx
  • Date: Mon, 24 Feb 2003 10:42:34 -0500

Pump and Dump

You've probably gotten these. The subject line or first part of the 
email says that this is "Highly confidential information."

This scam is based on touting "advance information" on specific stocks 
in an attempt to drive up the price past its true worth, so the 
promoters can sell at the higher price.

They pump it up, and then dump it. Hence the name.

This is generally illegal. And certainly a bad way to get investment 

Ask yourself: If it's so confidential, why are they spamming it to 
millions of people?

you can find more at http://www.scambusters.com/Scambusters48.html
Jennifer Grieb
"Time is the fire in which we burn"

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  • » [cabs103] lesson 3 q5