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TreasonousBastard

(43,049 posts) Fri May 10, 2019, 08:23 PM May 2019

5

In the Times stories about Trump's dead businesses, they mentioned something...

I hadn't heard before.

Apparently, he pretended to be a takeover artist and announced a target he had a stake in. The price would rise, he would sell his stake at a profit, and walk away. This is a variation of the classic "pump and dump" which is illegal. It didn't take long for Wall Street (which knew all along he was a broke bullshit artist, but went along for the ride) to lose enough money to ignore his announcements.

So, my question is whether or not the SEC or other regulators jumped on him for this.

2 replies

= new reply since forum marked as read

Highlight:

In the Times stories about Trump's dead businesses, they mentioned something... (Original Post) TreasonousBastard May 2019 OP

Carl Icahn and others are masters of this type Wellstone ruled May 2019 #1

Of course they didn't. shanny May 2019 #2

Wellstone ruled

(34,661 posts)

1. Carl Icahn and others are masters of this type

Reply to TreasonousBastard (Original post)

Fri May 10, 2019, 08:38 PM

May 2019

Pump and Dump garbage.

shanny

(6,709 posts)

2. Of course they didn't.

Reply to TreasonousBastard (Original post)

Fri May 10, 2019, 09:20 PM

May 2019

Our regulatory agencies are corrupt and have been for decades. That is how con men like rump have flourished...for decades.

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