Investors tricked over stock spam

The stock value of a company targeted by a spam campaign rose 12 per cent in a single day, according to security experts.

Spammers purchased stock in the unnamed company at a cheap price and then artificially inflated its price by emailing 'good news' about the firm to others before selling at a profit. Investors fooled by the scams are often left with heavy losses.

» vnunet.com - Tom Young - 19-10-2006

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