pump and dump

Pump and Dump Hacker Gets 7-Year Sentence

An Indian national was sentenced to 81 months in prison for
hacking into online brokerage accounts and using those accounts to
manipulate stock prices for personal gain. Read the full article. [Computerworld]

SEC: BroCo Investments Hijacked Accounts

A U.S. federal judge has agreed to freeze the assets of a company being accused of manipulating the stocks of 38 companies listed on the Nasdaq and New York Stock Exchange via compromised trading accounts. Read the full article. [CNet]

Spammer Gets Over 4-Year Sentence

Alan M. Ralsky, the “Godfather of Spam,” was sentenced to 51 months in prison for long term involvement in pump and dump schemes. Read the full article. [Washington Post]

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