Are you in a pump and dump scheme?
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Think that celebrity-backed stock tip on social media is the real deal? Think again.
Scammers are using fake videos, AI-generated endorsements and private WhatsApp groups to lure Australians into "pump and dump" share scams. You end up holding the shares, but they could be worth a fraction of what you paid.
ASIC Commissioner Alan Kirkland explains how the scam works, the red flags to watch for, and why a hot stock tip from a finance "expert" could cost you thousands.
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