Mr Blair's message came ahead of a nationwide petrol boycott of garages - "Dump the Pump" - planned for 1 August, which has attracted a huge amount of support via the Internet.
One theory is that it was part of a pump and dump stock operation.
One pump and dump scheme revolving GTX Global involved tens of millions of dollars, said Mr Turner.
No exact figures are available for how much scammers using "pump and dump" schemes are getting away with.
"Pump and dump increases the cost of doing business in terms of the loss in the marketplace, " he said.
He called Berninger "a victim"--he was a large CellCyte shareholder--of what he said was a "pump and dump" orchestrated by Pierce.
We all scoffed at it because it looked like a pump and dump, but it turned into a real business and True Religion went on to become a ten-bagger.
The market has a lot of good companies but is also a playpen for pump-and-dump scammers.
AUTL's rise and fall was a classic "pump 'n' dump" scheme perpetrated on stock message boards practically every day.
At their worst they are traps for the unwary, set by pump-and-dump operators.
The feds said Offill was a member of a pump-and-dump ring that targeted shares in companies like AVL Global Inc.
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But even as the agency took steps to put a stop to the pump-and-dump schemes, it was not clear they had made much of a dent.
With a push of a button on his laptop, he could have any pump within 300 feet dump its entire contents, without even needing to know the device identification numbers.
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The investigation was initiated in the fall by the SEC's New York field office, which estimates investors in the 35 stocks have lost tens of millions of dollars because of the pump-and-dump schemes.
Penny stock scams rank right up there with ponzi schemes in the classic financial scams played on naive investors, but the advent of the Internet has raised the pump-and-dump problem to a new level.
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