Explore the latest news and trends  

Keep yourself up to date with one of the following options:

  • Explore more news around Spam/Phishing, Malware/Cyber-attacks and Antivirus
  • Receive news and special offers from SPAMfighter directly in you inbox.
  • Get free tips and tricks from our blog and improve your security when surfing the net.
  • Go

Stock spam: Those too-good-to-be-true deals are

Q: I get 20 e-mails a day pitching some penny stock supposedly set to go through the roof. How do the people sending these e-mails make money?
A: We've all seen our e-mail boxes fill up with "irresistible" information on hot stocks.

This stock spam comes in many flavors. Some claim a company is about to announce big news that will send shares rocketing. Others masquerade as private e-mails between a broker and a client, and due to your good fortune, accidentally sent to you. Others appear to be legitimate research by Wall Street analysts.

They're all scams. They almost always are thinly veiled "pump and dump" schemes.

Here's how these spammers hope to profit: They find a small, thinly traded stock with an interesting company name or in an industry investors can get excited about. Think Internet. Think ethanol. Think wind farms.

It's even better if the stock trades on the Pink Sheets, because then there's no requirement to file audited financial statement...

ยป USA Today - Matt Krantz - 02-10-2006

3 simple steps to update drivers on your Windows PCSlow PC? Optimize your Slow PC with SLOW-PCfighter!Email Cluttered with Spam? Free Spam Filter!

Exchange Anti Spam Filter
Go back to previous page
Next