What is the meaning of pump-and-dump scheme?

noun

  • 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. .
WordNet 3.0 © 2006 by Princeton University
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APAWordNet. (2010). pump-and-dump scheme. Retrieved September 21, 2026, from http://smartdefine.org/pump-and-dump_scheme/definitions/1214560
ChicagoWordNet. 2010. "pump-and-dump scheme" http://smartdefine.org/pump-and-dump_scheme/definitions/1214560 (accessed September 21, 2026).
HarvardWordNet 2010, pump-and-dump scheme, Smart Define, viewed 21 September, 2026, <http://smartdefine.org/pump-and-dump_scheme/definitions/1214560>.
MLAWordNet. "pump-and-dump scheme" 23 October 2010. Web. 21 September 2026. <http://smartdefine.org/pump-and-dump_scheme/definitions/1214560>