Banks - Internet investor attempts massive stock fraud on Yahoo Finance

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Internet investor attempts massive stock fraud on Yahoo Finance

Thursday, May 21, 2009
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From Clusterstock:

You've probably heard of "bear raids": Legend has it that short sellers join together to drive a stock down and create a self-fulfilling panic. These mythical beasts form the intellectual basis for limits on short selling, such as the uptick rule, which so many weak companies would like to see.

Well, as we've suggested, if we're going to have an uptick rule, why not institute a downtick rule, too?

Because it turns out that bull raids (of a sort) happen too...

Read full article...

More frauds on the Crux:

Suze Orman is getting sued for fraud

The latest Madoff: A $1.8 billion hedge fund fraud

Breaking: Vice President Biden potentially involved in massive Ponzi scheme

Topics:		Banks \| Fraud \| Cruxallaneous

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