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Thread: Warning stock scam

  1. #1
    God/dess montythegeek's Avatar
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    Default Warning stock scam

    FYI There is a con game going on where "fake" phone messages are "accidentally" left on peoples' answering machines about a stock tip.

    Read about it at http://sec.gov/news/press/2004-113.htm

    This is a classic pump-and-dump scam where people talk up a stock then sell out before the crash.

    The SEC has not been this hot on such a game for awhile so it must be fairly common.

  2. #2
    tampafldancer
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    Default Re:Warning stock scam

    yea, this has been happening for a little while now. I even got a couple through email a while back.. I was like "wtf, whatever"

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