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Saturday, September 03, 2022 3:49:36 PM
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.
Promoters of the scheme will then begin to coordinate rumors, misinformation, and 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.
Examples of recent INTK pump and dump rumors, misinformation and hype include these from the InvestorsHub bulletin board: :
Major partnerships coming here!
EXTREMELY BULLISH!
Sounds like Green Days Ahead!
Sold in over 60 countries.
New huge products to be introduced: TalkingPaint,Anaconda Wrap(up to 750 Degrees F),Droplet oil remediation.
Large global firms like CAT, RCL, Exxon,Koch,Nestle buy.
Newest market Dubai/Middle East.
https://www.investopedia.com/ask/answers/05/061205.asp
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