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Pump and dump
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Regulation
This Telegram Pump-and-Dump Scheme May Cost 15 Years in Prison
2024-07-23T08:17:33.856+02:00
ASIC charges four individuals for alleged stock price manipulation via the popular messaging app.
The scheme involved artificially inflating penny stock prices before selling for profit.
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SEC Charges 8 Twitter Influencers with $100M Pump-and-Dump Fraud
2022-12-14T23:10:34.252+02:00
The influencers allegedly used Twitter and Discord to manipulate exchange-traded stocks.
One of the influencers, Daniel Knight, was accused of aiding and abetting.
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Hong Kong Charges 13 in a Pump-and-Dump Scheme Crack Down
2022-09-30T12:54:47.086+02:00
The scale of the scheme was not revealed.
The perpetrators were charged for market manipulation and money laundering.
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CFTC Ends McAfee’s Crypto Pump-and-Dump Charges, Fined Bodyguard $290K
2022-07-19T09:44:11.839+02:00
Watson assisted McAfee in pulling off the pump-and-dump schemes.
McAfee committed suicide under mysterious circumstances in July 2021.
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Retail FX
US SEC Dismantles $194 Million Global Pump and Dump Scheme
2022-04-18T23:14:00.000+02:00
The scheme covered three continents.
The defendants are accused of participating in multi-year fraudulent penny stock schemes.
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ASIC Reveals Its Tactics to Bust Pump-and-Dump Groups
2021-12-29T11:02:01.643+02:00
ASIC dropped a warning message on a Telegram pump-and-dump group in October.
Crypto and penny stocks manipulation schemes are running rampant.
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Regulation
ASIC Drops Warning Message on ‘Pump and Dump’ Telegram Group
2021-10-15T08:26:31.000+02:00
The group of 300 members was coordinating to inflate the prices of shares.
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Regulation
SEC Steps in to Probe GameStop Frenzy, Brokers’ Trading Ban
2021-01-29T18:05:32.000+02:00
The SEC did not call out Robinhood or any other trading services by name, but will review actions that disadvantaged investors
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News
Market Manipulation in Action: Stealth (XST) Surges 3700%
2019-04-19T08:40:36.000+02:00
Over the course of just a few hours, the price of Stealth rose from $0.11 to $4.50.
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Rachel McIntosh
Trading
Paragon Spikes 9,650% in 24 Hours in Apparent Pump and Dump
2019-01-02T10:34:36.000+02:00
The value of the token was minimal for months amid a shuffle with the SEC.
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Regulation
Biotech Billionaire Settles with SEC over Crypto P&D Scheme
2019-01-01T23:10:26.000+02:00
The SEC’s case against Phillip Frost involves the biotech-turned-blockchain company Riot Blockchain.
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Aziz Abdel-Qader
News
Telegram a Hub of Crypto Pump-And-Dump Schemes, Study Shows
2018-12-19T11:42:38.000+02:00
3,767 signal for pump-and-dump attempts were picked up from Telegram groups in a mere six months.
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News
Researchers Find Hundreds of Pump and Dump Scams, Develop Algorithm
2018-12-06T16:56:46.000+02:00
Workers at Imperial College London find that an average of two such scams happen every day.
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John McAfee Among Defendants Named in Pump and Dump Lawsuit
2018-10-03T13:47:50.000+02:00
John McAfee and a firm where he once worked are being sued by investors over an SEC investigation into that firm's ex-CEO.
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Bytecoin Value Jumps 32-Fold Then Crashes - Some Cry Scam
2018-05-09T15:51:08.000+02:00
Binance listed Bytecoin yesterday and withdrawals were disabled soon after.
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John McAfee Twitter Handle Hack Results in Pump and Dump of Multiple Coins
2017-12-28T14:24:39.000+02:00
The fake tweets recommended buying coins like Siacoin, NXT, PTOY, BAT, and XRP.
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News
Is John McAfee Pumping Cryptocurrencies for Cash?
2017-12-25T09:18:35.000+02:00
McAfee stands accused at the Court of Reddit of shilling cryptocurrencies for money. The jury is out.
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