May 23, 2026
✦Economic Times
Explained! Modus operandi and how Sebi cracked whip in alleged pump-and-dump scheme involving 82 stocks
Sebi busted a stock scam using social media! They found a group that pumped up small company stocks by spreading fake good news on apps like Telegram and X. Then, they sold their shares to regular folks at high prices. Sebi said, "they followed a classic pump-and-dump strategy," and took back over Rs 20 crore in illegal profits.