What is the Youtube 'Pump and Dump' Scam and How to Avoid It? Explained Amid Arshad Warsi Case
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Last Updated: March 05, 2023, 17:04 IST Sebi classifies such schemes as fraudulent and abusive commercial activities that threaten the integrity of Indian capital markets (Image: Shutterstock) Explained: Sebi said Arshad Warsi and a few others 'inflated' the share prices of Sadhna Broadcast and Sharpline Broadcast by uploading deceptive videos to YouTube channels The Securities and Exchange Board of India (SEBI) recently barred 31 entities, including actor Arshad Warsi, his wife Maria Goretti, YouTuber Manish Mishra and promoters of Sadhna Broadcast - Shreya Gupta, Gaurav Gupta, Saurabh Gupta, Pooja Aggarwal and Varun Media - from the securities market in a case related to uploading misleading videos on YouTube channels recommending investors to buy the company’s shares, as per a report by Indian Express . Furthermore, the regulator seized illicit gains made by the entities after the “pump and dump" scam to the tune of Rs 41.85 crore, the report said, requiring