pigeonning

Pigeonning is a term used in various contexts, often referring to a deceptive or exploitative practice. In financial contexts, it can describe a situation where an investor is deliberately misled into buying overvalued assets, often through fraudulent means, with the expectation of a quick profit that never materializes. This can involve artificially inflating the price of a stock or asset before selling it to unsuspecting buyers.

In a more general sense, pigeonning can also refer to a scam where an individual is lured into a situation with the promise of an easy or substantial reward, only to be exploited or defrauded. This might involve fake investment opportunities, pyramid schemes, or other fraudulent schemes designed to extract money from victims. The term "pigeon" itself historically refers to a gullible person, someone easily tricked.

The core element of pigeonning is the element of deception and the targeting of individuals who are perceived as easy marks. The perpetrators often create a facade of legitimacy or an irresistible opportunity to ensnare their victims. While the specific methods can vary widely, the underlying principle of exploiting trust or greed remains consistent. Understanding the concept of pigeonning can help individuals be more cautious of schemes that seem too good to be true.