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Re: SupaMario910 post# 11950

Wednesday, 11/18/2009 3:15:54 PM

Wednesday, November 18, 2009 3:15:54 PM

Post# of 13127
I'm just sayin'.... been done before.

""Jonathan Lebed

During the dot-com era, when stock market fever was at its height and many people spent significant amounts of time on stock Internet message boards, a 15-year-old named Jonathan Lebed showed how easy it was to use the Internet to run a successful pump-and-dump. Lebed bought penny stocks and then promoted them on message boards, pointing at the price increase. When other investors bought the stock, Lebed sold his for a profit, leaving the other investors holding the bag. He came to the attention of the U.S. Securities and Exchange Commission (SEC), which filed a civil suit against him alleging security manipulation.""

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