Definition of Pump-and-dump scheme

1. Noun. 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.

Generic synonyms: Contrivance, Dodge, Stratagem

Lexicographical Neighbors of Pump-and-dump Scheme

pummel
pummeled
pummeler
pummelers
pummeling
pummelings
pummelled
pummeller
pummellers
pummelling
pummellings
pummelo
pummelos
pummels
pump-and-dump scheme (current term)
pump-fake
pump-faked
pump-fakes
pump-faking
pump-jet
pump-jets
pump-type pliers
pump action
pump actions
pump fake
pump fakes
pump house
pump iron

Literary usage of Pump-and-dump scheme

Below you will find example usage of this term as found in modern and/or classical literature:

1. Securities Investor Protection: Steps Needed to Better Disclose Sipc by Richard J. Hillman, Orice M. Williams (2001)
"These frauds include pump and dump scheme promissory note fraud, fraudulent telemarketers, and Internet securitie fraud. However, the subsection does not ..."

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