Playboy After Hours
December, 1994
Net LossDon't get rolled on the information superhighway. A new scam has surfaced on the Internet in which con artists using fake names stage phony conversations about a company's stock. Unsuspecting lurkers—people who read others' conversations but don't participate—think they are privy to a hot stock tip. They call their brokers, buy shares of the company mentioned and drive up the price. The perpetrators, who already own shares in the company, ride the price up, then sell their shares at a la...