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To: Cisco who wrote (10927)	1/18/2000 3:42:00 AM
From: EL KABONG!!!	Read Replies (1) of 32883

Well, looks like no one wanted to answer the trivia question. Here's the original question again: Regarding stock scams (both on and off the Internet), how much money per hour (in total) is lost by investors in these scams? And here's the answer, found in the current issue of Money Magazine, in an article entitled "The Seedy World of Online Stock Scams" by writer/columnist Amy Felding. "The combination of that mind-set and the huge numbers of people now investing online have made cyberscamming the three-card monte of the new millennium. Online and off, investors get ripped off to the tune of an estimated $10 billion a year - that's more than $1 million an hour - according to the North American Securities Administrators Association (NASAA). While there are no good figures on cyberfrauds, let alone for how many investors have been fleeced in them, regulators and attorneys say that both numbers are on the upswing. So pervasive has the problem become..." There you have it. Over $1 million dollars per hour lost to scams and stock frauds. Still think that playing the pennies offers any advantages to speculators? KJC

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