Microsoft sues alleged stock scammers
Hoping to tackle the growing problem of pump-and-dump stock scams Microsoft has quietly filed lawsuits against at least three alleged perpetrators who it says used its MSN Hotmail networks to promote stocks.
Hotmail has "received large volumes of unsolicited commercial e-mail messages" promoting stocks for such companies as Distributed Power, TGC Ventures, China Biolife Enterprises, and Irwin Resources, according to court documents filed during April and May in King County Superior Court in Seattle.
[ Read more ]
By subscribing to our early morning news update, you will receive a daily digest of the latest security news published on Help Net Security.
With over 500 issues so far, reading our newsletter every Monday morning will keep you up-to-date with security risks out there.