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To: the_big_guy who wrote (28933)10/15/2012 8:39:37 PM
From: SteveFRead Replies (1) | Respond to of 53574
 
I have always wondered how the serious pumpers keep their credibility on the board when the people who follow them must lose an awful lot of money.

Credibility? We're talking about folks who sell mayonnaise recipes and gold traps on the internet! They'll say anything (and do!) At this point I'm wondering if the number of people involved with OTC fraud outnumbers the number of employees at the DOJ and SEC combined. We'd need more prisons too.

Here's how it works: New people discover the world of penny stocks every day. Thousands probably. The vast majority who lose (in any embarrassing impulse gamble) go away ashamed. The few who want to fight face prohibitively expensive obstacles and the prospect of zero recovery even if they win. If they try to speak out publicly they quickly realize how the various tout site's Terms of Service prevent it. All the while: new people discover the world of penny stocks every day. Wash. Rinse. Repeat.

Scamming people on the internet is easy money - let's face it. Internet = big place. Check your spam folder. Somebody somewhere buys that crap too.