{"id":8296,"date":"2021-05-05T01:47:21","date_gmt":"2021-05-05T01:47:21","guid":{"rendered":"https:\/\/athenadynamics.com\/?p=8296"},"modified":"2021-05-18T03:18:59","modified_gmt":"2021-05-18T03:18:59","slug":"athena-dynamics-young-writers-series-investment-scams-2","status":"publish","type":"post","link":"https:\/\/athenadynamics.com\/athena-dynamics-young-writers-series-investment-scams-2\/","title":{"rendered":"Athena Dynamics Young Writers Series Article #4: Investment Scams"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"8296\" class=\"elementor elementor-8296\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ab93c47 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ab93c47\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-d797695\" data-id=\"d797695\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ab00892 elementor-widget elementor-widget-text-editor\" data-id=\"ab00892\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<h1><em><strong>Cybersecurity Young Writers Series: Investment Scams<\/strong><\/em><\/h1>\n<h2><em><strong>The &#8220;Pump and Dump&#8221; Scam<\/strong><\/em><\/h2>\n<p><em>Advisory Editor: Nyan Tun Zaw, VP of Business Development, Athena Dynamics<\/em><\/p>\n<p><em>Author: Glenn Soh, Business Development Intern, <a href=\"mailto:bd@athenadynamics.com\">Athena Dynamics<\/a><\/em><br><em>Copyright \u00a9 May 2021 All Rights Reserved Athena Dynamics Pte Ltd<\/em><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1d06beb elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"1d06beb\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-divider{--divider-border-style:none;--divider-border-width:1px;--divider-color:#0c0d0e;--divider-icon-size:20px;--divider-element-spacing:10px;--divider-pattern-height:24px;--divider-pattern-size:20px;--divider-pattern-url:none;--divider-pattern-repeat:repeat-x}.elementor-widget-divider .elementor-divider{display:flex}.elementor-widget-divider .elementor-divider__text{font-size:15px;line-height:1;max-width:95%}.elementor-widget-divider .elementor-divider__element{margin:0 var(--divider-element-spacing);flex-shrink:0}.elementor-widget-divider .elementor-icon{font-size:var(--divider-icon-size)}.elementor-widget-divider .elementor-divider-separator{display:flex;margin:0;direction:ltr}.elementor-widget-divider--view-line_icon .elementor-divider-separator,.elementor-widget-divider--view-line_text .elementor-divider-separator{align-items:center}.elementor-widget-divider--view-line_icon .elementor-divider-separator:after,.elementor-widget-divider--view-line_icon .elementor-divider-separator:before,.elementor-widget-divider--view-line_text .elementor-divider-separator:after,.elementor-widget-divider--view-line_text .elementor-divider-separator:before{display:block;content:\"\";border-block-end:0;flex-grow:1;border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--element-align-left .elementor-divider .elementor-divider-separator>.elementor-divider__svg:first-of-type{flex-grow:0;flex-shrink:100}.elementor-widget-divider--element-align-left .elementor-divider-separator:before{content:none}.elementor-widget-divider--element-align-left .elementor-divider__element{margin-left:0}.elementor-widget-divider--element-align-right .elementor-divider 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.elementor-divider__element{margin-inline-end:0}.elementor-widget-divider:not(.elementor-widget-divider--view-line_text):not(.elementor-widget-divider--view-line_icon) .elementor-divider-separator{border-block-start:var(--divider-border-width) var(--divider-border-style) var(--divider-color)}.elementor-widget-divider--separator-type-pattern{--divider-border-style:none}.elementor-widget-divider--separator-type-pattern.elementor-widget-divider--view-line .elementor-divider-separator,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:after,.elementor-widget-divider--separator-type-pattern:not(.elementor-widget-divider--view-line) .elementor-divider-separator:before,.elementor-widget-divider--separator-type-pattern:not([class*=elementor-widget-divider--view]) .elementor-divider-separator{width:100%;min-height:var(--divider-pattern-height);-webkit-mask-size:var(--divider-pattern-size) 100%;mask-size:var(--divider-pattern-size) 100%;-webkit-mask-repeat:var(--divider-pattern-repeat);mask-repeat:var(--divider-pattern-repeat);background-color:var(--divider-color);-webkit-mask-image:var(--divider-pattern-url);mask-image:var(--divider-pattern-url)}.elementor-widget-divider--no-spacing{--divider-pattern-size:auto}.elementor-widget-divider--bg-round{--divider-pattern-repeat:round}.rtl .elementor-widget-divider .elementor-divider__text{direction:rtl}.e-con-inner>.elementor-widget-divider,.e-con>.elementor-widget-divider{width:var(--container-widget-width,100%);--flex-grow:var(--container-widget-flex-grow)}<\/style>\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-49a167c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"49a167c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c6e9b5\" data-id=\"3c6e9b5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a67f29b elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"a67f29b\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3958855\" data-id=\"3958855\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5a41fb8 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"5a41fb8\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-64cf300 elementor-widget elementor-widget-heading\" data-id=\"64cf300\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h2 class=\"elementor-heading-title elementor-size-small\">What Is A Pump and Dump?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-434daf9 elementor-widget elementor-widget-text-editor\" data-id=\"434daf9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>A pump and dump is the illegal act of artificially raising the demand of a stock by mass purchases (usually in groups) and selling it once the price has risen, causing its value to plummet. This results in many other investors being left with stocks that have little value.&nbsp;<\/p>\n<p>While being part of the initial group that mass buys the stock seem like an easy way to earn money, majority of the them end up losing money too.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e45c106 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e45c106\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-edcda3a elementor-widget elementor-widget-spacer\" data-id=\"edcda3a\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-column .elementor-spacer-inner{height:var(--spacer-size)}.e-con{--container-widget-width:100%}.e-con-inner>.elementor-widget-spacer,.e-con>.elementor-widget-spacer{width:var(--container-widget-width,var(--spacer-size));--align-self:var(--container-widget-align-self,initial);--flex-shrink:0}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container,.e-con>.elementor-widget-spacer>.elementor-widget-container{height:100%;width:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer{height:100%}.e-con-inner>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner,.e-con>.elementor-widget-spacer>.elementor-widget-container>.elementor-spacer>.elementor-spacer-inner{height:var(--container-widget-height,var(--spacer-size))}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty,.e-con>.elementor-widget-spacer.elementor-widget-empty{position:relative;min-height:22px;min-width:22px}.e-con-inner>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon,.e-con>.elementor-widget-spacer.elementor-widget-empty .elementor-widget-empty-icon{position:absolute;top:0;bottom:0;left:0;right:0;margin:auto;padding:0;width:22px;height:22px}<\/style>\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-568485d elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"568485d\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-204927b\" data-id=\"204927b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-375f128 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"375f128\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cc07a3b elementor-widget elementor-widget-heading\" data-id=\"cc07a3b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Method 1: Community Pump And Dump <\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9be744c elementor-widget elementor-widget-text-editor\" data-id=\"9be744c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While the exact method may vary, the scam would usually go somewhere along these lines:<\/p>\n<p>Step 1: Scammer creates a \u201cPump and Dump\u201d group on social media. (Discord \/ Facebook \/ Telegram).<\/p>\n<p>Step 2: Scammer promotes their group as an easy way to earn money by manipulating the stock market.<\/p>\n<p>Step 3: Once there is a sizable group, the scammer will announce that either he will reveal \/ a bot will randomly reveal a certain stock at a specific time and date. The moment the &#8216;secret stock&#8217; gets revealed, everyone is instructed to buy it to &#8216;pump&#8217; the stock prices, as higher demand results in higher prices.<\/p>\n<p>Step 4: The plan from the scammer is that everyone in the group will buy the stock at the same time to artificially increase the price of the stock. With the surge in demand, the price of the stock will skyrocket. When this happens, stock bots would detect the sudden surge in price, causing outsiders to potentially buy such stocks with hopes of profiting.<\/p>\n<p>Step 5: In theory, when outsiders buy the stocks, the prices will continue increasing. Knowing this, the plan is for the people to hold onto the stock for a couple of minutes before selling it in order to capitalise on the increasing prices.<\/p>\n<p>Step 6: However, in reality, prices tend to drop very dramatically very quickly, causing people to lose most of their money as they are unable to sell it in time.<\/p>\n<p>Step 7: The plummet is largely contributed by the admins and their closed ones as they have inside information. The admins usually know the stock beforehand and buy them cheaply the day before the \u2018pump\u2019. When the scammer tells everyone to \u2018pump\u2019 the stock, he sells his, to get a large profit from the desperate members who in turn lose money.<\/p>\n<p>The graph below is a representation of what happens during a classic pump and dump scam.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-afa5254 elementor-widget elementor-widget-image\" data-id=\"afa5254\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 25-04-2024 *\/\n.elementor-widget-image{text-align:center}.elementor-widget-image a{display:inline-block}.elementor-widget-image a img[src$=\".svg\"]{width:48px}.elementor-widget-image img{vertical-align:middle;display:inline-block}<\/style>\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"753\" height=\"573\" src=\"https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-03-160509.png\" class=\"attachment-large size-large wp-image-8307\" alt=\"\" srcset=\"https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-03-160509.png 753w, https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-03-160509-79x60.png 79w, https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/05\/Screenshot-2021-05-03-160509-600x457.png 600w\" sizes=\"(max-width: 753px) 100vw, 753px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a853af6 elementor-widget elementor-widget-text-editor\" data-id=\"a853af6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h6>Source: https:\/\/www.police.gov.sg\/Media-Room\/News\/20190504_OTHERS_Police_Advisory_Pump_and_dump_scams_involving_Hong_Kong_listed_companies<\/h6>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c121592 elementor-widget elementor-widget-spacer\" data-id=\"c121592\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-df532b6 elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"df532b6\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f22fd08\" data-id=\"f22fd08\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bef66d2 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"bef66d2\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6d5b77 elementor-widget elementor-widget-heading\" data-id=\"f6d5b77\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Why Does It Work?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83ed3b9 elementor-widget elementor-widget-text-editor\" data-id=\"83ed3b9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>While this scam seems obvious in nature, it works because:<\/p><ul><li>Social media channels are heavily censored to reduce suspicion (For example&#8230; Discord text channels would be locked after the drop)<\/li><\/ul><div>\u00a0<\/div><ul><li>People exposing them will be kicked from the group or have messages deleted<\/li><\/ul><div>\u00a0<\/div><ul><li>Admins often give excuses like \u201cdidn\u2019t click fast enough\u201d<\/li><\/ul><div>\u00a0<\/div><ul><li>Community spirit: Insiders would post their successes, making you seem like you\u2019re the one with the issue<\/li><\/ul><div>\u00a0<\/div><ul><li>Groups tend to have large numbers, make it seem legitimate\u00a0<\/li><\/ul>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bce86f9 elementor-widget elementor-widget-spacer\" data-id=\"bce86f9\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2b3b96a elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"2b3b96a\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-168be06\" data-id=\"168be06\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bca8130 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"bca8130\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ce97f6 elementor-widget elementor-widget-heading\" data-id=\"1ce97f6\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">Other Common Methods<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6178a38 elementor-widget elementor-widget-text-editor\" data-id=\"6178a38\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>In the past, the similar methods were used. However, instead of using message boards, they cold-called their victims.<\/p>\n<p>Voice messages would usually be left in the victim\u2019s voice mail regarding a \u2018secret tip\u2019 about a stock that was recorded to make it seem as though the scammer had called the wrong number.<\/p>\n<p>Various other methods include \u2018hyping up\u2019 the stock by spreading fake news \/ rumours about the possibilities of the share going up, or the scammer befriending you and convincing you that he has \u2018insider information\u2019 that the share is going to skyrocket in prices<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce637f6 elementor-widget elementor-widget-spacer\" data-id=\"ce637f6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-db08fef elementor-section-boxed elementor-section-height-default elementor-section-height-default elementor-invisible\" data-id=\"db08fef\" data-element_type=\"section\" data-settings=\"{&quot;animation&quot;:&quot;fadeInLeft&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-14090e2\" data-id=\"14090e2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-de70b82 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"de70b82\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6cb28d4 elementor-widget elementor-widget-heading\" data-id=\"6cb28d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-xl\">In Summary...<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5d8309d elementor-widget elementor-widget-text-editor\" data-id=\"5d8309d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Always be wary of tips or advice that seems to good to be true. People wouldn\u2019t give away tips to benefit a stranger at the expense of themselves. Do your own research if you are unsure.<\/p><p>If it\u2019s too good to be true, it\u2019s likely a scam<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f300418 elementor-widget elementor-widget-spacer\" data-id=\"f300418\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d37c63b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d37c63b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f8b5987\" data-id=\"f8b5987\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e86560b elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"e86560b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a2e1c2 elementor-widget elementor-widget-text-editor\" data-id=\"3a2e1c2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<h1>Biographies<\/h1>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c9284e9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c9284e9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-cd0d557\" data-id=\"cd0d557\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-21ff304 elementor-widget elementor-widget-image\" data-id=\"21ff304\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" src=\"https:\/\/athenadynamics.com\/wp-content\/uploads\/elementor\/thumbs\/PB060891-1-p338njtqxuq9z4j532u01nzn3xpy37ojwbvl8aek4c.jpg\" title=\"OLYMPUS DIGITAL CAMERA\" alt=\"OLYMPUS DIGITAL CAMERA\" loading=\"lazy\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-049c1bd\" data-id=\"049c1bd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fa04d1b elementor-widget elementor-widget-text-editor\" data-id=\"fa04d1b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Glenn Soh is an intern in the Business Development Team in Athena Dynamics Pte Ltd, which is a subsidiary of BH Global Corporation Ltd, an SGX mainboard listed company.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f776081 elementor-widget elementor-widget-text-editor\" data-id=\"f776081\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight );\">Contact: glenn.soh@athenadynamics.com<\/span><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5f32ca9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5f32ca9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-39e61b0\" data-id=\"39e61b0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-07e158c elementor-widget elementor-widget-image\" data-id=\"07e158c\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"130\" height=\"173\" src=\"https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/02\/Untitled-2.png\" class=\"attachment-large size-large wp-image-6619\" alt=\"\" srcset=\"https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/02\/Untitled-2.png 130w, https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/02\/Untitled-2-45x60.png 45w\" sizes=\"(max-width: 130px) 100vw, 130px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-6aec526\" data-id=\"6aec526\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-851b93a elementor-widget elementor-widget-text-editor\" data-id=\"851b93a\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>Nyan Tun Zaw<\/strong>&nbsp;is the VP of Business Development at Athena Dynamics Pte Ltd, which is a subsidiary of BH Global Corporation Ltd, an SGX mainboard listed company.<\/p>\n<p>With a wide range of background in cybersecurity, software development, web development as well as networking, Zaw has in-depth experiences in deploying security solutions for several highly confidential government and critical infrastructure projects, particularly in the CDR\/CDNR field as a technical lead. His interest mainly lies in Cybersecurity and AIML.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c1722a9 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c1722a9\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-027855b\" data-id=\"027855b\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0687138 elementor-widget elementor-widget-text-editor\" data-id=\"0687138\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<section id=\"\" class=\"elementor-element elementor-element-edit-mode elementor-element-c6d03ad elementor-section elementor-top-section elementor-section-boxed elementor-section-height-default\" data-id=\"c6d03ad\" data-element_type=\"section\" data-model-cid=\"c110\">\n<div class=\"elementor-container elementor-column-gap-default\">\n<div class=\"elementor-row\">\n<div id=\"\" class=\"elementor-element elementor-element-edit-mode elementor-element-ae6b9a8 elementor-element--toggle-edit-tools elementor-column elementor-top-column\" data-id=\"ae6b9a8\" data-element_type=\"column\" data-col=\"100\" data-model-cid=\"c111\">\n<div class=\"elementor-column-wrap elementor-element-populated\">\n<div class=\"elementor-widget-wrap\">\n<div id=\"\" class=\"elementor-element elementor-element-edit-mode elementor-element-f81897c elementor-element--toggle-edit-tools elementor-widget elementor-widget-text-editor\" data-id=\"f81897c\" data-element_type=\"widget\" data-model-cid=\"c115\" data-widget_type=\"text-editor.default\">\n<div class=\"elementor-widget-container\">\n<div class=\"elementor-text-editor elementor-clearfix elementor-inline-editing\" data-elementor-setting-key=\"editor\" data-elementor-inline-editing-toolbar=\"advanced\">\n<p>Zaw holds a Bachelor of Business Management, with double majors in Finance and Information Systems, from Singapore Management University. He is also a holder of the Certified Ethical Hacker (CEH) certificate by EC-Council.<br>Being a technical person who also likes sharing his experiences and opinions, Zaw has also been part of a speaking panel with global CIOs at the CIO Leaders Summit.&nbsp;<\/p><p>Contact:&nbsp;<a href=\"mailto:nyantunzaw@athenadynamics.com\">nyantunzaw@athenadynamics.com<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<section id=\"\" class=\"elementor-element elementor-element-edit-mode elementor-element-c96f038 elementor-section elementor-top-section elementor-section-boxed elementor-section-height-default\" data-id=\"c96f038\" data-element_type=\"section\" data-model-cid=\"c122\">\n<div class=\"elementor-background-overlay\">&nbsp;<\/div>\n<div class=\"elementor-shape elementor-shape-top\">&nbsp;<\/div>\n<\/section>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3430ee6 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"3430ee6\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"Cybersecurity Young Writers Series: Investment Scams The &#8220;Pump and Dump&#8221; Scam Advisory Editor: Nyan Tun Zaw, VP of Business Development, Athena Dynamics Author: Glenn Soh, Business Development Intern, Athena Dynamics Copyright \u00a9 May 2021 All Rights Reserved Athena Dynamics Pte Ltd What Is A Pump and Dump? A pump and dump is the illegal act&#8230; <a class=\"view-article\" href=\"https:\/\/athenadynamics.com\/athena-dynamics-young-writers-series-investment-scams-2\/\">View Article<\/a>","protected":false},"author":2,"featured_media":8297,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":"","_jetpack_memberships_contains_paid_content":false},"categories":[179],"tags":[],"yst_prominent_words":[],"acf":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/athenadynamics.com\/wp-content\/uploads\/2021\/05\/Scam-Alert-Investment.png","_links":{"self":[{"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/posts\/8296"}],"collection":[{"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/comments?post=8296"}],"version-history":[{"count":0,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/posts\/8296\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/media\/8297"}],"wp:attachment":[{"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/media?parent=8296"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/categories?post=8296"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/tags?post=8296"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/athenadynamics.com\/wp-json\/wp\/v2\/yst_prominent_words?post=8296"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}