Xechem International Inc. (fka XKEM)

[LOCHUTE]

Perhaps we will read something to this effect about Steve Burg and Robert Swift in a news line soon....jmho


Posted: 4:39 p.m. Nov. 23, 2009
'Spam King' gets 4 years for fraud
Alan Ralsky netted $2.7 million through Internet stock scheme
BY BEN SCHMITT
FREE PRESS STAFF WRITER
Detroit free Press
Alan Ralsky, 63, pleaded guilty in June to conspiracy to commit wire fraud, mail fraud and to violating the federal CAN-SPAM Act, which bans misleading subject lines in e-mail and the sending of commercial e-mail messages that appear to be from friends.


An indictment charged that Ralsky of West Bloomfield, his son-in-law, Scott Bradley, and others used unsolicited e-mail to pump up the price of penny stock in Chinese companies to artificially high prices and then sold it. Bradley and two other men are being sentenced this afternoon.


They reaped huge profits for themselves, the indictment charged, and left Internet subscribers who purchased the stock holding the bag.