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The FBI claimed Gentile was running a pump and dump scheme, where Gentile allegedly hyped a Mexican gold mine and Kentucky gas drilling company in 2007-2008. In 2016, Gentile was arrested again on the same charges after he stopped cooperating with the FBI but was allowed to go free on $75,000 bail. [10]
Coppa was one of the Bonanno family's biggest mobsters on Wall Street and is credited for practically inventing the pump-and-dump stock scheme. In the early 1970s, Coppa first became involved in stock fraud schemes. Coppa and his associates bought stock in Tucker Drilling, a nearly worthless oil drilling company. Coppa bribed stockbrokers to ...
A mud pump (sometimes referred to as a mud drilling pump or drilling mud pump), is a reciprocating piston/plunger pump designed to circulate drilling fluid under high pressure (up to 7,500 psi or 52,000 kPa) down the drill string and back up the annulus. A mud pump is an important part of the equipment used for oil well drilling.
A so-called "pump and dump" scheme is a way that unscrupulous investors manipulate markets to generate illegal profits. By making false or exaggerated claims about certain investments, these scam...
Bed Bath & Beyond is responding to a new shareholder lawsuit alleging its former CFO was involved in a pump and dump scheme.
Blowout (well drilling) – Uncontrolled release of crude oil and/or natural gas from a well; Deep well drilling – Using a drilling rig to bore holes for petroleum extraction in deep sea; Directional drilling – Practice of drilling non-vertical bores
A mud motor (or drilling motor) is a progressive cavity positive displacement pump (PCPD) placed in the drill string to provide additional power to the bit while drilling. The PCPD pump uses drilling fluid (commonly referred to as drilling mud, or just mud) to create eccentric motion in the power section of the motor which is transferred as ...
Pumping flow: the tubing and pump are run to a depth beneath the working fluid. The pump and rod string are installed concentrically within the tubing. A tubing anchor prevents tubing movement while pumping. Tubing flow: a tubing string and a production packer are installed. The packer means that all the flow goes through the tubing.