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What is Pump and Dump Scam

Chapter 36
Handbook of Research on Teaching Ethics in Business and Management Education
A form of stock fraud that involves artificially inflating (pumping) the price of the stock of a near-defunct company by convincing one group of investors to purchase shares in order for other investors to sell (dump) the shares at the inflated price.
Published in Chapter:
Hollywood in the Classroom: A Resource for Teaching Business Ethics to Undergraduates
George W. Kester (Washington and Lee University, USA), Gregory J. Cooper (Washington and Lee University, USA), Roger A. Dean (Washington and Lee University, USA), Peter T. Gianiodis (Clemson University, USA), and Michael G. Goldsby (Ball State University, USA)
Copyright: © 2012 |Pages: 18
DOI: 10.4018/978-1-61350-510-6.ch036
Abstract
This chapter describes how Hollywood movies can be used in the classroom to bring finance and business ethics alive in ways that that are difficult to achieve in traditional lectures, assignments and written case studies. The use of seven popular full length motion pictures, four fictional and three based upon actual events, are discussed along with an approach that uses selected excerpts (film clips) in the classroom.
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