Today we’re talking about one of the most common examples of an investment scam, the “pump and dump”, and comparing it with others you may be familiar with, like the Ponzi scheme and corporate fraud.
Investing scams are nothing new. They’ve been around for years and are unlikely to go away anytime soon. While stories of massive schemes seem to make fantastic movies, the reality is that with the unprecedented times we’re living through, many investors are vulnerable and are getting hurt financially after being drawn into schemes and scams that turned out to be too good to be true.
On this episode, Marcelo and I talk about how pump and dump works, the differences between pump and dump and other common schemes, why so many people are attracted to these schemes, how social platforms may be facilitating and evolution of these types of schemes, how you can protect yourself from them, and so much more!
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