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.

2007-03-08

News: Spammed Stocks Suspended

It's nice to have something to report other than the usual stream of job scams over at Suckers Wanted. Sophos is reporting that the US Securities and Exchange Commission has temporarily suspended trading on a swag of stocks that were being touted (and touted, and touted) in spam. This seems like a good thing, but I somehow suspect that the miscreants behind the spam will rapidly switch to a bunch of other stocks. I have doubts as to whether this action will yield long term benefits unless the SEC starts reacting quickly to new spams.

1 comment:

Spotter said...

According to my spamtraps, NNCP started being heavily touted on the 5th of March or thereabouts. It does not appear on the list.