Error
  • JUser::_load: Unable to load user with id: 67

Featured Articles

Intel refreshes CPU roadmap

Intel refreshes CPU roadmap

Intel has revealed an update to its CPU roadmap and some things have changed in 2015 and beyond. Let’s start with the…

More...
Hands on: Nvidia Shield Tablet with Android 5.0

Hands on: Nvidia Shield Tablet with Android 5.0

We broke the news of Nvidia's ambitious gaming tablet plans back in May and now the Shield tablet got a bit…

More...
Nokia N1 Android tablet ships in Q1 2015

Nokia N1 Android tablet ships in Q1 2015

Nokia has announced its first Android tablet and when we say Nokia, we don’t mean Microsoft. The Nokia N1 was designed…

More...
Marvell launches octa-core 64-bit PXA1936

Marvell launches octa-core 64-bit PXA1936

Marvell is better known for its storage controllers, but the company doesn’t want to give up on the smartphone and…

More...
Nvidia GTX 970 SLI tested

Nvidia GTX 970 SLI tested

Nvidia recently released two new graphics cards based on its latest Maxwell GPU architecture, with exceptional performance-per-watt. The Geforce GTX 970…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Friday, 04 January 2008 12:10

Spammer fiddled with Chinese stocks

Written by

Image

Ralsky arrested


A man
who police claim was one of the world's worst spammers has been charged, with 11 others, with using botnets to manipulate Chinese stock prices.

Alan Ralsky, 52, of suburban West Bloomfield Township, made about $3 million through the scheme in summer 2005. U.S. Justice Department Attorney Stephen Murphy said that Ralsky and the other defendants sent tens of millions of e-mail messages to computers worldwide, trying to inflate prices for Chinese penny stocks.

When investors pushed up the price of the stocks, Ralsky sold them at inflated prices. The U.S. government wants forfeiture of real estate, brokerage accounts, bank accounts and life insurance policies, worth a combined $2.7 million.
Last modified on Monday, 07 January 2008 04:47

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments