3 ms·
> Even if they explicitly conducted a pump-and-dump, nobody was cheated here. A pump-and-dump is a scheme designed to cheat people. The cheat is to deliver mis
by PragmaticPulp 6y ago
> Even if they explicitly conducted a pump-and-dump, nobody was cheated here.
A pump-and-dump is a scheme designed to cheat people. The cheat is to deliver misleading statements to convince others to purchase something, while quietly doing the opposite of what you're promoting.
Pump and dump schemes are a well-known type of fraud: https://www.investopedia.com/terms/p/pumpanddump.asp https://www.investopedia.com/terms/p/pumpanddump.asp
> Meanwhile, thousands are engaging in this exact behavior and going unprosecuted.
That doesn't make this right.
We can't catch and prosecute everyone, but that doesn't mean we can't catch and prosecute anyone.