Why Unheard-of Stocks Surge and How Pump-and-Dump Schemes Work
CategoryNews Briefs
The move is straightforward:
1. Lay ambush in junk stocks
2. Post bullish arguments across social networks
3. Trolling accounts jump in and echo their agreement
4. Gullible, noncritical masses follow along and buy in
5. Dump the garbage stocks and call it a day
This mirrors most pump-and-dump schemes, such as charging for premium chat groups while harvesting members. A fifteen-year-old kid in the US used this playbook to make $800,000 back in 2000.
Other people's propaganda armies can be monetized immediately.
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