Re: Pump and Dump

"Andy" <[email protected]> wrote in message
news:[email protected]...
>
> 3. At the end of the day would anyone actually follow this up or would I
be
> wasting my time? The scammer may make a few bucks but he won't be retiring
> on the proceeds of this one.

If you want to believe the "bragging" .....

http://spamkings.oreilly.com/archives/2006/03/stock_spammers_stung_by_secret.html#trackbacks
"According to the February 17 complaint, Moeller boasted to a fellow spammer
(working for the feds as a confidential informant or CI) that he and Vitale
were making $40,000 per week sending spam that touted shares of small-cap
stocks -- a practice known as pump-and-dump spamming. The two operated a
company called Viatelecom aka Via Telecom LLC to do their stock deals.

In an April, 2005 instant message conversation with the CI, Moeller claimed
that he had 40 servers for sending spam, as well as 35,000 "peas" or proxies
to disguise the true origin of the spams. He said he exclusively spammed AOL
members and boasted he could send millions of spams per hour, with less than
20 percent getting caught in AOL's spam filters."