What is share ramping?
Share ramping (also known as 'pump and dump' and 'book ramping') is where criminals influence the share price of a company and then take advantage of it.
- It is commonly done by bringing a company to the market with false expectations of its profitability.
- Alternatively it can be done by buying shares in a company when they are at a low price and then starting a rumor that the company is being taken over. When the share price rises, the shares are sold at a profit.
Where can I get more information?
The Financial Services Authority is the primary organisation for share ramping, but if your case of fraud fits the SFO's criteria, then please submit as much information as possible at: intelligenceunit@sfo.gsi.gov.uk or contact us directly through our information hotline on 0207 239 7388.
