Word: pumps
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Dates: during 2000-2009
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Lebed is the first minor the SEC has ever charged with securities fraud, and you may well ask, Isn't it one thing for a set of twentysomethings at work or in college to master the ole pump and dump, Net style, but quite another for a bona fide minor to get it down pat? Do we have a serious problem here...
...fraudster, is that people act on the hype they see online. Large banks like Chase Manhattan pay millions of dollars a year in premiums to insure against a rogue trader like Leeson. Your best protection against a rogue Internet hypster is just not to listen. Most pump-and-dump schemes involve micro-cap stocks. That's your first tip-off. Often they hype them as likely to double or better in weeks. If you have questions, the SEC has a brochure, "Pump&Dump.con," with tips for avoiding scams. It's available at www.sec.gov...
...state governments in taxes, while across Europe as much as 58% to 76% does. That, Europeans decided, is the real highway robbery. Instead of blaming Big Oil, consumers are holding Big Government responsible. For years, Europe's leaders have been subsidizing their social programs with revenues from the gas pump. To placate powerful green parties, they've tacked on additional eco-charges intended to discourage consumption. Germany's current surcharge adds 20[cents] to the price of every gallon, and Chancellor Gerhard Schroder insists, even in the face of the protests, that he will go ahead with three more prescribed...
...pump up to 500 gal. a minute of that stuff, wide-eyed Perrier officials told the two-town population of 1,000, and you won't see a ripple of an impact on your springs, lakes and streams. Plus, we'll bring jobs and money to the community. They had just said the same thing in another part of Wisconsin and were run out of town. But they had learned nothing about the state's long-standing conservation ethic, or that lecturing Badgers on the environment is the p.r. equivalent of telling them how to make cheese...
...first half of the year. The surge enabled De Beers to pare down its stockpile of rough diamonds--which, because the company no longer has the ability to set prices, has become a wasting asset. De Beers plans to reduce the stockpile by $1.5 billion next year--and to pump the savings into ad campaigns aimed at fostering consumer demand. The company has also launched an aggressive effort to tap new sources for gems. Last month De Beers bought Vancouver-based Winspear Diamonds, which owns a prized deposit in Canada's Northwest Territories...