But in this case, the person selling privately is pumping up the stock publicly with lies and running an organized trading scheme, while denying that he's a stock promoter. He was deliberately misrepresenting the facts to hundreds of people who were relying on his word. And the person buying the stock is relying on this scam to continue to be executed so that he can dump for a huge profit.
Isn't the seller doing something illegal here, and isn't the person buying, though not doing anything illegal, knowingly relying on the successful execution of this fraud?
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