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Pump and dump scam
This refers to unwanted e-mails which contain recommendations for purchasing penny shares (also known as small cap investments in the USA). The e-mails originate from syndicates who have bought low value stock with the hope of making money by artificially inflating the price of the stock by creating demand through spamming campaigns. Once the stock price has risen, the originators of the spam sell their stock which results in a price collapse.
Spam campaign exploits cheap share prices
The old pump and dump scam is being exploited once more in a new spam campaign as explained by AppRiver
Text based spam re-emerges to eclipse image spam
Spam trends in 2008 showed significant change away from pump and dump scams and image based scam towards standard text based e-mails
Microworld technologies warns of the latest MP3 spam blocking inboxes.
Adaptive spam filters block out the new wave of MP3 pump and dump spam which contains low quality voice recordings.
MP3 spam rockets to up to 10% of all worldwide spam.
MP3 based pump and dump scam e-mails are currently swamping e-mail systems throughout the world causing problems due to their size.
Professional looking PDF files the latest spam.
Pump and dump scams get greater credibility in the latest wave of spam e-mails making use of PDF files.
Stock exchange scams top the spam list for 2007
Bitdefender publishes findings of 2007 spam research with pump and dump scams coming first followed by a variety of image spam.
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