[elwell]

> this is a financial crime

How so? I may be ignorant, but isn't that just the way the stock market works. Sad, yes. Crime though?

[syrgian]

Pump and dump is fraud. https://en.wikipedia.org/wiki/Pump_and_dump But the effort was distributed and hard to track and prove, so the scammers that knew what they were doing are most likely safe.

[TheHypnotist]

Except there is a difference between a pump and dump and a short squeeze. No one is listening to the fundamentals, it doesn't matter.

I think you'd be hard pressed to make that argument on either side.

[high_density]

yes agreed. it's not crime by law... but it's like using uncovered parts of the law to swindle people.

Though it'll be really difficult to make a law preventing this without hurting beneficial actions.

[high_density]

well depends on the law though...

but this time, there's no 'fradulent' element, so I guess no.

If there were promises of earnings, it might have been.