Pump-And-Dump Stock Spammers Made $20 Million
from the nice-work-if-you-can-get-it dept
Well, we already knew that pump-and-dump stock spam scams worked for the spammers, but we weren't aware of just how well they worked. Apparently a group of pump-and-dump spammers made out to the tune of $20 million before they were caught. Of course, unlike in some cases, these scammers involved the executives of the companies they were hyping up -- though, it's unclear to what extent those executives understood what the scammers were planning to do.
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scamers by Gary on Sep 11th, 2007 @ 5:11pm
the wild thing is, people actualy read the spam and acted on it. Are people realy that dumb. I guess so. Oh ya it is that greed thing lots of us have.
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And if they stole your domain...... by Harve on Sep 11th, 2007 @ 6:14pm
Am I entitled to some of their ill gotten gains? Some a**hole pump-and-dumper sent millions of emails using one of my domains and the bounce messages I got each day nearly croaked my server.
I hope they burn in hell, or go to prison and become girlfriends to some gang banger.
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dot dot dot by Paul on Sep 11th, 2007 @ 6:36pm
"Well, we already knew that pump-and-dump stock spam scams worked for the spammers, but we weren't aware of just how well they worked."
Well then you don't read the news very often or pay much attention to this kind of thing?
This is an OLD STORY, the only thing NEW about it is that they are going to be sentenced in the next few months for it.
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by bzzt on Sep 12th, 2007 @ 6:29am
The stock market is by itself a fraud. So frauding a fraud is no big deal.
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