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Pastimes : SI Beta Site Launch - 7/01/99
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To: BryanB who wrote (2029)9/15/1999 6:25:00 PM
From: Cisco  Read Replies (3) of 2340
 
Now to a more serious subject. As I am sure you are aware during the last couple of days SI was used as an illegal means to pump a stock by 3 separate aliases (most likely the same person). They posted 275 messages in a matter of hours of becoming members of SI. By no accident the stock volume went up over 700% from the previous day and they probably walked away with at least a 25% increase on their money for one day's work. Not a bad return on their membership fee. If they are allowed to walk away with just a suspension of membership, what keeps them or some other group from doing the same thing again? It is very tempting to do the same thing. Work 3 days out of the year, and drink lemonade on a beach in Austria the rest of the year!

It is clear, that this individual had no intention of agreeing to the terms of use. Their only purpose was to rape the financial resources of SI members. I feel strongly, that since SI knows who these individuals are, that they should report them to the SEC and consider taking legal action against them to discourage future activity of this nature. My understanding from the following post is that Sprint may have already sued some of this group for the same activity.

Message 11253633

Could you address the questions I raised here:

Message 11247322

Cisco
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