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Archive Home > 2010 > June > 10 > Investment scams bubble up after spill

Investment scams bubble up after spill

Don’t be sucked into ‘pump and dump’ schemes, officials warn

By Claudia Buck / The Bulletin
June 10, 2010

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.

“We’re never surprised by these scams,” said John Gannon, the Financial....

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