Inside Jim Cramer's Crusade Against Pump and Dump Schemes

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In case you missed it, the term "pump and dump" has been making its rounds on Jim Cramer's Twitter feed. 

By definition, pump-and-dump is an illegal scheme to boost the price of a stock through illegal or misleading statements. 

Cramer told Action Alerts PLUS senior analyst Jeff Marks that he's made it his mission to call out these schemes as he sees them, and if Twitter is any tell, he's been true to his word. 

"This is classic gamification," Cramer said. 

Cramer explains pump and dump schemes and why it's critical to identify them when doing your homework in the video above. 

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