March 30th, 2011 → 1:11 am @ Sue Walsh
Federal authorities are accusing a Texas man of hiring a botnet to carry out a pump and dump spam campaign. Cedar Park resident Christopher Rad also allegedy paid Russian hackers to break into brokerage accounts. The compromised accounts were used to buy penny stocks, artificially driving up their worth. Rad, along with co-conspirator James Bragg, then [...]
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Texas Man Charged in Multi-Million Dollar Stock Spam Scheme
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February 7th, 2011 → 4:11 am @ Sue Walsh
A New York stockbroker was indicted in Detroit on conspiracy charges for allegedly selling stock which had been pushed via a spam campaign run by infamous “Spam King” Alan Ralsky’s pump and dump scheme.
Authorities say Gregg Berger of Yonkers, N.Y. raked in over $600,000 in commissions acting as the scammer’s stockbroker. He sold over 30 [...]
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NY Man Facing Charges in Pump and Dump Stock Spam Scheme
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October 22nd, 2010 → 7:36 am @ Sue Walsh
An Arizona man is facing 5 years in prison after pleading guilty to being the mastermind in a pump and dump spam scheme. James Bragg admitted to using a Russian botnet to send spam and hack into brokerage accounts to buy penny stocks without the account owner’s knowledge. Prosecutors say Bragg was responsible for running the [...]
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Arizona Man Pleads Guilty in Pump and Dump Spam Scheme
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