pump-and-dump

noun

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

Example Sentences

It has been, let’s say, illuminating to see which U.S. institutions have shown some backbone—even in a measured and self-interested way—when confronted with the corrupt requests of a president who was recently convicted of fraud, tried to overturn the last election, and seems to be openly soliciting favors, investments, and airplanes from foreign countries while running something resembling a “pump-and-dump” crypto scheme here at home.

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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.

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Yes, a straight-up pump-and-dump scheme “to make sure the TRX price is at some level Justin wants.”

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But he can’t sell his shares for 5 months under a so-called “lock up” intended to reassure investors that the company isn’t a pump-and-dump scam to run up the share price so the insiders can cash out, leaving the buyers with losses when the stock collapses.

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Within a few years, Mr. Belfort started building a pump-and-dump stock-scam empire.

Read more on New York Times