Courts & Crime

June 1, 2010

Gulf oil spill attracts investment scams

The Gulf of Mexico oil spill is attracting another kind of potential disaster: investment fraud. Federal officials are warning investors to be wary of so-called "pump and dump" stock schemes tied to the BP oil spill. In a pump-and-dump scheme, a company ups its stock price by hyping its connection to a disaster, typically products or services that can aid in recovery or rebuilding.

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