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FBI Alert: 'Pump and Dump' Scams in US Stock Market Skyrocketed 300% in First Half of 2023
4 day ago /
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Author：小编
On July 3, the Federal Bureau of Investigation (FBI) issued a stark warning, revealing that criminals are leveraging instant messaging and social media platforms to perpetrate "pump and dump" scams against American stock investors. These deceptive practices have seen a dramatic surge in activity. Scammers entice investors to buy low-priced stocks, artificially inflate their prices, and then sell their shares for a profit, leaving investors with substantial losses. The FBI has witnessed a significant influx of complaints related to these scams, marking an increase of at least 300% compared to the same period last year.
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