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  • Report:  #829597

Complaint Review: awesomepennystocks.com

awesomepennystocks.com Email alert service recommending stock picks. Internet

  • Reported By:
    Luis — Fort Mill South Carolina United States of America
  • Submitted:
    Fri, January 27, 2012
  • Updated:
    Fri, January 27, 2012

Awesomepennystocks.com is a website that sends free emails advising you of stock picks. This is a pump and dump scam. They send emails to subscribers promoting a company that is bogus. People start buying the stock & the stock starts moving up. They continue to send emails encouraging you to buy as much as you can and don't sell till it reaches a certain point. After they sell thousands of shares they dump all the shares and the stock takes a nose dive that never recovers. You get left holding the bag. 

These guys are not financial advisors or brokers. They get paid by the company that is wanting to be promoted to cause the stock to rise then they dump all their shares. 

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