Word: pumps
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Dates: during 2000-2009
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...cybervenues like Raging Bull. As unwitting investors loaded up on the "recommended" shares, some, such as American Education Corp., rose as much as 700%. By the time reality set in and the price crashed, Colt & Co. had already sold out, leaving thousands in the lurch. Investigators say this classic "pump and dump" could have netted millions. But Big Brother was watching...
...this approach on the West Coast too. A pair of California pharmacy students and a friend, two of whom face a criminal trial next month, allegedly logged on to computer terminals at UCLA's biomedical library and planted more than 500 messages on a variety of hot websites to pump up the stock of NEI Webworld Inc., a bankrupt commercial-printing firm in Dallas...
...Tamarla until recently, when she was evicted. The two boys then moved into a crack house, where guns were traded for drugs, with their uncle and the 19-year-old man who left the murder weapon, evidently loaded, under some blankets. A search of the house produced a loaded pump-action shotgun and a rock of crack cocaine. The boy and his brother had been sharing a single sofa...
...frenzied growth of investing via the Internet has spawned a more virulent kind of stock manipulation where, in a matter of minutes someone can drive up a stock price, reap the profits and run. The SEC's recent complaint against Douglas Colt highlights an old scam called pump and dump...
...pump...