Vocab Bloom Hub

pump-and-dump scheme

/ˈpʌmp ənd dʌmp skiːm/

1 entry

phrase

/ˈpʌmp ənd dʌmp skiːm/C1formalbusiness
  • ruМошенническая практика на финансовых рынках, при которой цена акции или актива искусственно завышается с помощью ложных или вводящих в заблуждение положительных заявлений (накачка), что позволяет злоумышленникам продать свои активы по завышенной цене (сброс), после чего цена резко падает, оставляя других инвесторов с убытками.

A fraudulent practice in financial markets where the price of a stock or asset is artificially inflated through false or misleading positive statements (pump), allowing the perpetrators to sell their holdings at the inflated price (dump), after which the price collapses, leaving other investors with losses.

  1. Fraudulent stock manipulationC1formal

    A fraudulent practice where the price of a stock is artificially inflated (pumped) through false or misleading statements, and then sold (dumped) at the high price by the fraudsters, leaving other investors with losses.

    ruМошенническая схема накачки и сброса

    • The SEC investigated the company for running a pump-and-dump scheme.
    • Investors lost millions after falling for a pump-and-dump scheme on social media.
    • He was arrested for orchestrating a pump-and-dump scheme involving penny stocks.