XxSATANxX
07-20-2005, 08:35 AM
Yea! More good new for the Phantom Game service. In order to pump the stock price. Someone devised a "fake" insider tip about Phantom. Gotta love that social engineering!
(Alleged by the SEC.)
Yafa sold the shares he had received as payment from AVL Global, reaping more than $300,000 in profit, the SEC said. Pickens received a copy of the fax from Sierra, and then modified it, replacing the ticker with Infinium's symbols and two other over-the-counter stocks: Data Evolution Holdings Inc. and Soleil Film Inc.
Pickens then blasted the fax to investors through Sierra's company, Vision Lab Telecommunications Inc., and made more than $300,000 by selling the stock, whose prices had as much as doubled after the issuance of the fax, the SEC said.
Several days after the fax was first sent, Infinium's shares rose precipitously. They closed at 47 cents on Dec. 17, up more than 80 percent from 26 cents, on very heavy volume of 6.9 million shares.
Find out more. (http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20050719/BUSINESS/507190315)
(Alleged by the SEC.)
Yafa sold the shares he had received as payment from AVL Global, reaping more than $300,000 in profit, the SEC said. Pickens received a copy of the fax from Sierra, and then modified it, replacing the ticker with Infinium's symbols and two other over-the-counter stocks: Data Evolution Holdings Inc. and Soleil Film Inc.
Pickens then blasted the fax to investors through Sierra's company, Vision Lab Telecommunications Inc., and made more than $300,000 by selling the stock, whose prices had as much as doubled after the issuance of the fax, the SEC said.
Several days after the fax was first sent, Infinium's shares rose precipitously. They closed at 47 cents on Dec. 17, up more than 80 percent from 26 cents, on very heavy volume of 6.9 million shares.
Find out more. (http://www.heraldtribune.com/apps/pbcs.dll/article?AID=/20050719/BUSINESS/507190315)