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Pastimes : Investment Chat Board Lawsuits
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To: Jeffrey S. Mitchell who wrote (722)8/31/2000 3:38:36 PM
From: Jeffrey S. Mitchell  Read Replies (2) of 12465
 
According to the live press conference on CNBC, the hoaxster is a guy named Mark Jacob, a former InternetWire employee over the summer. He had attended El Camino Community College and had used computers at their resource center to e-mail InternetWire the phoney PR. Two weeks ago he shorted 3000 shares of EMLX at between 72-92, and covered the day of the hoax for a profit of $50K. He then bought an additional 3500 shares of 52 for 180K. Three days later he sold for a $186K profit.

- Jeff
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