Ever wonder who’s on the other side of those stock message boards and financial blogs on the Internet, and why they want you to buy or sell a certain stock? Meet one ex-con who tells us how easy it was to lure so many investors into his get-rich schemes as he practiced the Internet “pump and dump” — and he was just a kid in high school!
MoneyTrack viewer Sara from Sewickley, PA, asks when does stock hype become stock fraud? Even CNBC’s Mad Money host Jim Cramer was exposed in crossing the line. In Investing 101, Utah securities regulator Keith Woodwell explains Internet scamming schemes, and the gray area between false perception and outright stock manipulation.
As mentioned on the show…
- Learn more about controlling interest here
- Find out if Cole is really related to Maria Bartiromo
- Read the transcript from Pam’s interview with Keith Woodwell
- Stock research wizard
- Contact info for State Securities Regulators
- Morningstar & Motley Fool — Two good investment research sites
