Saturday, 5 January 2008

Ralsky and others charged re stock scam spam

Source: US Department of Justice

Notorious spammer, Alan Ralsky, and ten others have been indicted on various charges relating to the alleged operation of a pump-and-dump stock spam scheme after a three year investigation by the FBI and other agencies. The operation involved the manipulation of the stock prices of thinly traded Chinese penny stocks, and certain Chinese companies to whom the stocks belonged were allegedly complicit in this activity.

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