What does pump-and-dump scheme mean?
Definitions for pump-and-dump scheme
pump-and-dump scheme
This dictionary definitions page includes all the possible meanings, example usage and translations of the word pump-and-dump scheme.
Princeton's WordNet
pump-and-dump schemenoun
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
ChatGPT
pump-and-dump scheme
A pump-and-dump scheme is a fraudulent practice where the price of a stock, cryptocurrency, or other security is artificially inflated, or "pumped up," usually through false and misleading statements. Once the price has been increased, the fraudsters sell off their shares at the high price, or "dump" them. This often causes the price to fall sharply, leading to substantial losses for those who bought in during the price increase. This illicit practice is commonly used in thinly traded or under-regulated markets, making it more susceptible to manipulation.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of pump-and-dump scheme in Chaldean Numerology is: 2
Pythagorean Numerology
The numerical value of pump-and-dump scheme in Pythagorean Numerology is: 3
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"pump-and-dump scheme." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/pump-and-dump+scheme>.
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