SEC Lifts Ax For Minnesota Stock-Price Spammer

Posted by timothy on Wednesday February 19, 2003 @06:37AM from the suhwing-batta-batta-batta dept.

thejuggler writes "A call to Samuel Meltzer's St. Paul home is greeted with the message that he doesn't want to be bothered by solicitations. But, this story in a Minneapolis newspaper tells how the Feds and SEC claim he is a huge spammer. They claim he sends out spam spreading false and misleading information about various penny stocks. So far he has made at least $159,600 in stock and cash from 1998-2001 for spreading this false information. In a brief interview Tuesday, Meltzer (The evil spammer), 37, said he hadn't seen the complaint. "This is a surprise," he added."

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Surprised it still works by mugnyte · 2003-02-19 06:43 · Score: 4, Interesting

This guy may well be mistaken identity, but if the allegations are true, he is surely in for a surprise. I don't know his state's laws, but let's hope they get in on the works.

I have given up communicating on stock boards mainly because of the nature of these kinds of posts - hype. But then again, I'm not sure what I was looking for in reading those boards anyway.