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One Trick to be Weary About

By Vipul Shah

Part I Online Stock Trading Part II Online Stocks Frauds

 

You've probably gotten these. The subject line or first part of the email says that this is "Highly confidential information."

This scam is based on touting "advance information" on specific stocks in an attempt to drive up the price past its true worth, so the promoters can sell at the higher price.

They pump it up, and then dump it. Hence the name.

This is generally illegal. And certainly a bad way to get investment advice...

Ask yourself: If it's so confidential, why are they spamming it to millions of people?

VIPUL SHAH is Mumbai based Chartered Accountant specialising in online
security and online transactions

You might want to read more:

Part I Online Stock Trading Part II Online Stocks Frauds

 


Copyright 1997-2001 Dr. Raj Mehta. All rights reserved.