Current Status

This blog is not frequently updated because most case-by-case scam reports are now listed in subordinate blogs. At this point in time, most of my efforts are targeted at documenting employment scams in the Suckers Wanted blog.


News: Stock spammers charged

The US Securities and Exchange Commission has charged a "recidivist securities law violator" and his wife with "orchestrating a fraud scheme to inflate the price of WebSky, Inc., a San Francisco-based penny stock company, using spam email." According to the press release, "the couple pocketed more than $1 million in proceeds as a result of the scam." It should come as no shock to discover that they haven't been entirely honest about things, both in the spam they used to promote the stock, and in their dealings generally. Thanks to The Register for bringing this to my attention. It's always nice to hear of a scammer facing justice.

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