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Alias Born 08/19/2005

Re: PowerPole post# 3787

Sunday, 11/20/2005 11:36:44 PM

Sunday, November 20, 2005 11:36:44 PM

Post# of 79921
I’m not sure how legal it is. It looks like he had to pay the money back plus interest

http://www.infoplease.com/ipa/A0876592.html

Jonathan Lebed,
15, high-school student, earned at least $250,000 in six months in an online “pump and dump” stock scheme in which he bought thinly traded stocks, promoted them on Internet message boards, and then sold them at a tidy profit after the prices increased. He agreed to pay back the earnings plus interest to settle a civil lawsuit brought by the Securities and Exchange Commission.

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