February 8, 2007

How Stock Spam Works

Gelf talks with researchers who have examined how spammers are profiting by manipulating the penny-stock market.

Hadley Robinson

The subject of the email reads: Strong Buy Alert! This "Financial Insiders Report" notifies the reader that the China World Trade Corporation (CWTD) is the hottest new stock to buy. The price is $4.80 cents per share, up from $1.50 two weeks ago! It is projected to get to $6.50 by the week's end, and thus it is the "Play of the Month."

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Article by Hadley Robinson

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