Pump & Dump

The IPO opened at six dollars. The phone said it was going to forty.

A federal lawsuit alleges social media operators ran coordinated pump-and-dumps through tiny Nasdaq IPOs, several lead-underwritten by Fort Washington's Bancroft Capital. The filing asks the question every retail investor should: hapless victim, or greedy enabler.

By Mark Tell · May 13
Latest
Ponzi / Pyramid

He called it a lifestyle. The court called it six years.

Tyler Bossetti raised more than $23 million through Facebook and YouTube by promising investors guaranteed returns of thirty percent or more on real estate deals that mostly did not exist. He spent four years building the machine. He will spend six years in federal prison accounting for it.

By Elena Ruiz · Apr 26
Daily at 6AM Eastern

See the pitch they're running today.

Financial crime intelligence. The patterns, the tells, the playbook. Daily at 6AM before anyone asks you for money.

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