Europe Sees First “Pump and Dump” Campaign

Europe’s first pump and dump spam scampaign was unleashed late last week. The campaign was designed to artificially manipulate the price of a German company’s stock. Pump and Dump has long been a problem for American penny, or Pink Sheet stocks. The US SEC recently announced a campaign, dubbeed ‘Operation Spamalot,’ to thwart the practice. 

Is it possible that the SEC’s move is leading the cyber thugs to test the pump and dump waters in Europe, or is it just a coincidence?   

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