Pump-and-dump pot stock spam

You’d be a dope to take advice on the stock market from unsolicited spam.

Pump-and-dump pot stock spam

In recent months I've seen an increase in stock pump-and-dump spams arriving in my email inbox. You could probably describe it as a growing industry.

The emails are sent with the intention of encouraging the great unwashed public to buy cheap shares in a particular company, often claiming to have inside information that the price is about to go sky high.

What's happening is this. The spammers are attempting to artificially inflate a stock's price (the "pump"). They send out bogus "good news" about a particular company, and hope to trick you into buying shares in the hope that you'll make riches.

However, the spammers sell off their stock at the inflated price ("the dump"), making a tidy profit, and often cause the stock price to slump further for those who made the mistake of investing.

Today I saw things had fired up again, as I received another barrage of pump-and-dump spam emails, suggesting I urgently invest in a "small marijuana company":

Weed stock scam

Part of the email reads as follows:

Yes, it's been some time since I reached out to you with something good but trust me… the wait will have been worth it.

I promised you that I'd only give you a tip if I had something spectacular, and today I do.

Remember my buddy in California who works at Accel? I had lunch with him yesterday and he told me that he firm is about to invest 50 million bucks into a small Marijuana company.

Basically they make weed vaporizers and their stuff is flying off the shelf because both weed, and vaporizers are all the craze right now.

Anyway, long story short, they're putting all that cash in the company at a price of $1.17 per share and yes you guessed it… it's way higher than where the stock price is as we speak.

I hate to be a buzz kill, but you would be a dope to take investment advice from unsolicited spam like this. Don't let your senses go to pot - budding investors would be wise to weed out the bad advice in their inbox.

Tags: , ,

Smashing Security podcast
Check out "Smashing Security", the new weekly audio podcast, with Graham Cluley, Carole Theriault, and special guests from the world of information security.

"Three people having fun in an industry often focused on bad news" • "It's brilliant!" • "The Top Gear of computer security"

Latest episode:

Subscribe to the free GCHQ newsletter

, ,

4 Responses

  1. Michael Ponzani

    June 14, 2017 at 12:35 pm #

    Isn't it fun when you can write all those puns in your article? If you wrote about rabbit farming there'd be a lot of funny bunny punnys in it. Find the video of the dog who makes a new friend. It has has the tune of "Old McDonald " played on one of those electronic organs for kids. Its a "happy" video.

  2. furriephillips

    June 14, 2017 at 1:45 pm #

    This totally reminds me of this excelent video I watched a while ago: https://youtu.be/ytDamqTjPwg it really is well worth a watch :)

  3. Lisa B

    June 14, 2017 at 3:58 pm #

    This reminds me of a bumper sticker I saw recently:

    "Ask your doctor if taking medical advice from a TV commercial is right for you."

    Anyone foolish enough to follow the advice of an unsolicited email (or TV commercial) will pay the price. Sadly, there are enough people out there looking for a fast buck or quick fix so there will never be a shortage of suckers. The best we can do is educate, educate, educate.

  4. Jim

    June 15, 2017 at 1:48 pm #

    Perhaps people need to watch the film "Wolf on Wall Street".

Leave a Reply