US charges British twins over $1.2m 'stock robot' fraud

Long, short, Bitcoin, forex - Plenty of alternate market disuccsion.
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Euler
Posts: 26426
Joined: Wed Nov 10, 2010 1:39 pm

Looks like Madoff has inspired a whole new generation of fraudsters!

http://www.bbc.co.uk/news/world-us-canada-17794272
Iron
Posts: 6793
Joined: Fri Dec 11, 2009 10:51 pm

'In one example given by the Securities and Exchange Commission, Marl picked stock in 2008 for a music publishing company called UOMO Media, doubling its share price to 69 cents, and then again a year later, driving it to $1.06. UOMO has not traded above a penny since September 2010.'
You have to wonder if sometimes something similar is happening in racing when a no-hoper starts to steam in massively...

Jeff
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