pump-and-dump

British  

noun

1. the practice of buying shares, generating favourable publicity about them, especially on the internet, then selling them when the price accordingly rises

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Example Sentences

This summer, the Federal Bureau of Investigation reported External link a 300% increase in complaints about pump-and-dump frauds.

From Barron's

The SEC and Finra are investigating China-based offerings and underwriters, while the FBI reported a 300% increase in pump-and-dump fraud complaints.

From Barron's

In September, the SEC launched a task force External link to combat cross-border fraud harming U.S. investors, saying it was investigating “pump-and-dump” schemes in the stocks of companies from foreign jurisdictions.

From Barron's

His crime was not providing a forum for people to speculate with crypto, or doing some weird pump-and-dump scheme, or even doing a “rug pull,” in which someone launches a new form of crypto, hypes it up, and sells it before the crash.

From Slate

That's not to say the SEC will stop prosecuting crypto scams like pump-and-dump schemes, but the number of enforcements might lower, in part because of regulatory clarity and rules that give more leeway to issuers.

From Salon