pump-and-dump email

Microsoft is suing three perpetrators suspicious of using hotmail networks to endorse stocks. "Pump-and-dump email scams are a form of fraud where the criminals purchase stock in a company -- typically an inexpensive penny stock -- and then promote ... the equity in millions of unsolicited email messages." (Source: wininsider.com ) This quick and easy form of spamming is one of the more profitable styles at the present time. Those responsible for sending pump-and-dump emails gain monetary rewards, whereas Microsoft, on the other hand, is burdened with considerable costs. Research focusing on the ... (view more)