The Latest “Pump and Dump” Stock Scams

For a while it was quiet about stock spam pushing penny stocks, but recently they’ve been making a comeback. Recently we’ve seen these campaigns:

  • 2017-03-20: Incapta Inc (INCT)
  • 2017-04-11: Quest Management (QSMG)

If you receive spam pushing shares, beware! Never buy stock based on “information” sent out as spam. The only people making money on such stocks are the scammers, who wait for the spammed buyers to offload their near worthless shares at grossly inflated prices. Reselling such stock is near impossible and and usually will lead to great losses.

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