On: Ten members of international stock manipulation ri...

[tomatowurst]

I wonder if these guys were on r/wallstreetbets, I am seeing more and more blatant pump-and-dump schemes, this time in claiming "short squeeze" and writing call options that never materialize.

[IAmGraydon → tomatowurst]

WSB is basically a marketing forum for pump and dump schemes now. There are hundreds if not thousands of entities trying their hand at it. I mean - even Elon Musk is doing it. Remember what Michael Burry said before the 2008 crash: one hallmark of a bubble about to collapse is fraud running rampant. It happened in the late 1920s, in the runup to 2008 and it's happening again now.

[gralx → IAmGraydon]

> ... one hallmark of a bubble about to collapse is fraud running rampant.

Famous shortseller Jim Chanos says the same.

[ShivShankaran → tomatowurst]

There was one couple of days back about a grilling company: New account, evoking emotions, hundreds of awards in couple of minutes, promising short squeeze.

Other than that the whole subreddit is just retailers losing all their money.

[swarnie → ShivShankaran]

If i recall that post was called out pretty quickly, the top post on the sub for that day was informing others about the scam thread.

I'm not saying WSB hasn't got a moderation/quality problem but some people on that sub aren't total idiots.