SEC sues over stock market spam scan
A US couple have been charged over an allegation they made $1m via a stock market pump-and-dump scam, promoted using spam emails.
The pair allegedly bought 288m WebSky shares in September 2004 through various front organisations they controlled before selling them weeks later for a profit of $1m.
The junk email campaign helped ramp up WebSky's share value by around 300 per cent, according to the SEC.
» The Register - John Leyden - 22-08-2006