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Replies to post #576444 on NorthWest Biotherapeutics Inc (NWBO)
dennisdave
03/14/23 12:17 PM
#576447 RE: Idunno #576444
What is Pump and Dump? A pump and dump scheme is a type of securities fraud that involves the artificial inflation (“pump”) of the price of a security through false, misleading, or exaggerated statements regarding the security’s price. The fraudster can profit from the price inflation by quickly selling the securities at a high price (“dump”). At the same time, the new owner of the shares will likely lose a substantial part of their capital because the security’s price will quickly fall. The pump and dump scheme is considered an illegal activity.