The Spam Diaries

News and musings about the fight against spam.
 by Edward Falk

Monday, April 10, 2006

SEC slaps pump-n-dump spammers.

The SEC is taking action against pump-n-dump spammers Faisal Zafar and Sameer Thawani. Zafar and Thawani had customized their scams to take advantage of public fears over issues such as terrorism and bird flu. They were able to make over $873,000 in the scam.

The SEC announced a few days ago that they'd issued a temporary restraining order and froze the defendants' assets.

See press release: SEC Files Emergency Action to Stop Ongoing Microcap Stock Fraud; 2006-50; Apr. 6, 2006


Anonymous Anonymous said...

Those useless b**tard, I lost money to them, the stress was bad for me, very bad! It's good to see those muslim faggots got caught, they must have been sponsoring terrorism!!!!!

3:32 AM  

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