SEC Freezes Hi-Tech Pump and Dump Scheme

March 12th, 2007 by Batya | Category: Email Security |

“These perpetrators effectively cut out the middleman of the old-fashioned pump-and-dump scheme, eliminating phony stock promotions, creating their own artificial trading demand, and consummating their fraud in as little time as a couple of hours.”
- SEC Office of Internet Enforcement Chief John Reed Stark
Read Security Watch Article

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