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Definition of Pump-and-dump scheme
1. Noun. An illegal scheme for making money by manipulating stock prices; the schemer persuades other people to buy the stock and then sells it himself as soon as the price of the stock rises.
Lexicographical Neighbors of Pump-and-dump Scheme
Literary usage of Pump-and-dump scheme
Below you will find example usage of this term as found in modern and/or classical literature:
1. Securities Investor Protection: Steps Needed to Better Disclose Sipc by Richard J. Hillman, Orice M. Williams (2001)
"These frauds include pump and dump scheme promissory note fraud, fraudulent
telemarketers, and Internet securitie fraud. However, the subsection does not ..."
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