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Pump-and-dump scheme
/pˈʌmpanddˈʌmp skˈiːm/
/pˈʌmpænddˈʌmp skˈiːm/Pump-and-dump scheme
01
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
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