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back to article Spam suspects charged over $4.6m share con

Two Texans have been charged with securities fraud and money laundering offences over a pump-and-dump email stock scam. The case follows an investigation by the Securities and Exchange Commission (SEC) into the illegal use of pump-and-dump junk mails to promote the sale of at least 13 low-value stocks between May 2005 and …

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  1. Anonymous Coward
    Anonymous Coward

    Will exist

    How do you make 4.2 mln?? Well, ask the people that buy stocks through spam... As long as people do this, spam will remain forever...

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  2. Dillon Pyron

    faxes and suckers

    I get more junk faxes with these than I can count. I send one copy to the SEC and another to a firm that tracks down junk faxes for me. So far I've made about $4500 on them. But it's mostly the insurance and travel schemes.

    There's one born every minute. You can't con and honest man.

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  3. Anonymous Coward
    Anonymous Coward

    SEC has lots more stock spammers to catch

    I get more stock spam than ever these days.

    I looking forward to them catching the spammers emailing all these pdf attachments, though I assume they are read even less than the normal stock spam.

    A site for following the latest stock spams:

    http://www.spamnation.info/stocks/index.php

    Report US stock spam to enforcement[at]sec[dot]gov

    A website running a paper portfolio of stock spam - with the expected results

    http://www.spamstocktracker.com/

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  4. Anonymous Coward
    Anonymous Coward

    Who is reeled in?!

    Getting your stock tips from junk spam is like gettings your news from "news of the world"... in that case you deserve to be lied to.

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