Motley Fool: Spam Scams To Avoid
September 8th, 2006
Where there is money fraudsters will somehow find a way to get their hands on it. Last week, this article looked at the way that scammers use the Internet to perpetrate an insidious form of pump-and-dump fraud via emails. Essentially, con artists pump up the price of a chosen share by despatching millions of emails indiscriminately in the hope that some recipients will buy the shares. Then they dump the shares and reap a handsome profit in the process.
Now, fraudsters have added a new twist to their spam scam. They are so convinced of their pump-and-dump scheme that they are now offering their services to companies to help boost their share prices for a fee. This new form of fraud was uncovered by Sophos, which helps companies protect their email servers….
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