Monday, August 28, 2006
The internet has made communication simple and cheap. Unfortunately, that applies to the scammers too. This story from the Economist is about a new way to pull off an old scam - the pump and dump. The scammer buys stock in a thinly traded small company and then sends out mass emails encouraging others to buy the stock (the pump). When it rises, the scammer dumps his shares. I get these emails all the time and delete them without reading them. I suggest you do the same. Click on the title to read the whole story.
Posted by Boomer at 3:31 PM