Could I be risking my safety by calling out a pump and dump scam on social media?

It’s not even worth the time... do you understand how many pump and dump scams happen everyday? So many that the SEC ignores a large majority of it. There is blatant market manipulation everyday and there is nothing you can do about it. The people pumping and dumping probably won’t even care and give you the light of day.

How does it work? Do the pumpers use social media influence to convince the masses to buy a stock right after they themselves already bought some? Then they dump it when the price is high?

You sound like a really good person.

I worked on a stock manipulation case when I first got out of law school. It was called "death spiral" stock manipulation and involved international network of broker dealers who would short a targeted company's stock until it was forced into bankruptcy. A key witness was in Moscow. An attorney flew out to Moscow to meet him and interview him. He had two satellite phones and $5k in each pocket because he needed to be able to make himself disappear on a moment's notice. He already had cosmetic surgery done to try to conceal his identity. Of course, this was very sophisticated billion dollar stuff. But people who do securities fraud are often connected to organized crime and are not friendly.

I honestly don’t get it. The amount of effort and sophistication to do this well shows that people like this could be successful in legitimate endeavors. There are lots of legal ways to get rich without screwing over your fellow human... just why?

highhoppingworm wrote:

I honestly don’t get it. The amount of effort and sophistication to do this well shows that people like this could be successful in legitimate endeavors. There are lots of legal ways to get rich without screwing over your fellow human... just why?

I suppose "get rich quick" schemes are enticing both on the legal and illegal side. Anything to make a quick buck.

It is a penny stock with a very small market cap. The insiders doing the manipulating are a hedge fund.

It’s very common, and there are financiers behind most of these with notorious histories. That being said, a lot of people, myself included have made a lot of money knowing this is a pump and dump stock. You have to investigate who’s behind the financing. But pump and dilute, pump and dump, only means there are big movements to capitalize on.

I don't have market timing skills. It would be interesting to try shorting, but it's OTC.

Is it WEI? KXIN?

I would try one of those browsers like tor in a burner laptop in a hotel in a non extradition country. .

Harm you? Is it worth it? Can you walk away safely and make a financial comeback?