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Old 08-09-2007, 11:21 PM
Nonfiction Nonfiction is offline
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Join Date: Aug 2006
Location: Maryland
Posts: 1,916
Default Re: Pump-and-dump scheme

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I went to high school with a kid who made at least a few million bucks through pump and dumps(he made it all while he was still in HS). I think he was doing this during 1999-2000, he made a bunch of Yahoo profiles and then spammed individual stock message boards with a penny stock profile. He got in trouble with the SEC, had to pay $900k I think but he was still pretty rich and bought one of the bigger houses in town when he graduated from high school.

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http://en.wikipedia.org/wiki/Jonathan_Lebed ?

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Wow that is so [censored] awesome
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