The Dump and Pump is a similar marketeer penny stock scam to the Pump and Dump. The marketeer of a Dump and Pump is called a Stock Basher, who eventually turns into a Stock Promoter after the bash campaign achieves its purpose. That is the reason for the name, "Dump and Pump."
This newer scam trend has been growing steadily for more than 20 years in the USA; yet, many investors are only mildly aware of how this scam works, or how organized and professional it can be.
In this type of penny stock scam, the marketeer stock basher demotes, rather than promotes, a sleeper quality but struggling stock. They demote a stock by telling half truths and bending the truth concentrating on the negatives in an attempt to cause doubts in the minds of investors about the company, its methods, and products behind the stock.
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