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Penny stocks inspired a new breed of investors, high-stakes gamblers, risk-taking fraudsters and enforcement action.
Most of the popular penny stock scams in history were fraudulent cases of pump and dump. Learn more about the top 5 penny stock scams and learn how to safely invest now.
Penny stock scammers get rich luring inexperienced investors into investing in worthless companies and taking their money. There is a long list of of common penny stock scams that you...
Penny stock scams involve fraudsters selling a company using “pump and dump” schemes, like the ones portrayed in the movies “The Wolf of Wall Street” and “Boiler Room.”
Google “penny stock scams” and you’ll find no shortage of results. Even the websites that tout penny stock trading as a viable investment strategy acknowledge that scams run rampant.
The Securities and Exchange Commission today announced it charged an issuer, its CEO, and six other entities and individuals with participating in a penny stock fraud scheme.
Crooks and scam artists are still leveraging penny stocks to rip people off and run pump-and-dump schemes through social media.