Details here: "Consumers warned against 'pump and dump' share scams," by Nicky Burridge--
Consumers were today warned to be on their guard against unsolicited emails containing stock market tips.
Internet security group Clearswift said it had seen a 700% increase in so-called “pump-and-dump” scams over the past few weeks.
Under the scams spammers aim to spark interest in penny shares by promising huge financial rewards to investors who move quickly, often claiming to be privy to insider information, such as major new contract wins, massive projected earnings or an impending acquisition.
--Posted by Illinois personal injury attorney T. Evan Schaeffer of Schaeffer & Lamere, P.C.
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