The Spam Diaries

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

Tuesday, June 23, 2009

Alan Ralsky pleads guilty in spam scam

A perennial name in spam, Alan Ralsky, has pled guilty to conspiracy, fraud, and money laundering, along with several other defendants. I first mentioned this case in January of last year, when Ralsky was indicted along with his son-in-law and nine other people.

Among other things, Ralsky is said to have made $3 million in a pump-n-dump scheme involving the Chinese stock market. He faces up to 3½ years in prison. It's not known if he gets to keep the $3 million.

See San Jose Mercury News story Man who led spam scam pleads guilty in Detroit for the full details.

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