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REPORT ABUSIVE REPLY
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Message Subject
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Anonymous trader buys $400 million in bitcoin
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Poster Handle
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RandomS |
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Post Content
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Another hedge fund disaster....hahahaha
Pump and dump.
Quoting: Anonymous Coward 27972385 USA is crackin down on that sort of thing, offering cash rewards to catch and convict pump and dumpers on account of it being against the law, so a hedge fund is not going to do that, or they risk losing everything eh! Pump and dump is not against the law it's just an immoral practice, you can't legislate morality in a free country, cavet emptor or somethin Nope, wrong.. Pump and Dump is an old, and very illegal, concept: "Pump and dump" (P&D) is a form of securities fraud [ link to en.wikipedia.org (secure)] The CFTC maintains general anti-fraud and manipulation enforcement authority over virtual currency
cash markets as a commodity in interstate commerce. In addition, some of the coin exchanges
are taking measures to identify and block accounts that participate in pump-and-dump activities.
Blow the whistle on
pump-and-dump schemers
Virtual currency and digital token pumpand-dump
schemes continue because
they are mostly anonymous.
If you have original information that
leads to a successful enforcement
action that leads to monetary sanctions
of $1 million or more, you could be
eligible for a monetary award of
between 10 percent and 30 percent.
For more information, or to submit a tip,
visit the CFTC’s whistleblower.gov
website [ link to www.cftc.gov] The moral.. don't do it. Unless, of course, you want to. In which case you might reap what you sow
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