Wednesday, September 06, 2006

Pump and Dump

The BBC reports that spammers hoping to manipulate the stock market have begun approaching firms, offering to raise their share price in exchange for a percentage fee.

They are Farrington Fodder "The badly spelt and poorly punctuated e-mail in fact offers two services in one go: "boosting" the company's own share price, and offering "information" about other prospective share price rises."