NOUN
- an illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises
How To Use pump-and-dump scheme In A Sentence
- The defendant's pump-and-dump scheme artificially inflated stock prices before he sold off the shares, leaving honest investors holding worthless stock," Manhattan District Attorney Cyrus Vance Jr . said. Ex-Executive Convicted In $110M Securities Fraud
- No matter how mad at banks we might be, we have got to leave them with a way to return to profitability that does not rely on speculative bubbles, pump-and-dump schemes, and accounting fraud. L. Randall Wray: QE2 Won't Save Our Sinking Ship
- He allegedly cashed out his shares in this company at inflated prices - but not by dumping them on the public in the tried-and-true method of pump-and-dump schemes.
