Thread replies: 4
Thread images: 1
2016-02-03 02:09:03 Post No. 1074943
Post No. 1074943
This may come off as retarded, but I gotta ask. How do authorities know a pump and dump scheme is happening? Everything that happens in that scam is a completely reasonable follow-through.
Brokers push a stock, its their job. The stock inflates. Any person holding shares of a rich stock will then sell them off to make a quick profit. This is all reasonable. The only thing is these fraudsters aren't gambling with the stock market. They know they're gonna make money. But authorities wouldn't know that. How do they catch these guys?