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January 4, 2008

“Spam king” indicted in stock fraud scheme

Filed under: E-Mail Spam — Connie @ 3:31 pm

WASHINGTON (Reuters) – A federal grand jury in Detroit has indicted a Michigan man dubbed the “spam king,” and 10 others, in an international illegal bulk e-mailing and stock fraud scheme, the U.S. Justice Department said on Thursday.

“Today’s charges seek to knock out one of the largest illegal spamming and fraud operations in the country, an international scheme to make money by manipulating stock prices through illegal spam e-mail promotions,” U.S. Attorney Stephen Murphy said in a statement.

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