Re: [Not entirely OT] Email from today.
- From: "Percival P. Cassidy" <Nobody@xxxxxxxxxxxx>
- Date: Fri, 31 Mar 2006 15:27:14 -0500
On 03/31/06 10:11 am Peter Moylan wrote:
I've had three of those in the last few days, but most of the spam that's still getting through is advising me to invest in various companies that I've never heard of.
Spammers are notoriously hard to catch, but I'm surprised that the power
of the money managers hasn't been thrown at this particular scam. The
way it works is that the person running the scam buys up shares in a
company whose share price is low, and then sends out millions of e-mails
recommending a "buy". Within about a day the price goes up, and the
original person unloads at a very nice profit.
"Pump and dump" is the catchy phrase I've heard.
Perce
.
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