Shill to Hack (Kos co-author exposed)
New York Post ^ | June 18, 2006 | RODDY BOYD
nypost.com
CELEBRATED LIB STRATEGIST HAS SHADY MARKET PAST
Jerome Armstrong, the political strategist who followed a famous Internet fundraising effort for Howard Dean in 2004 with a book on "people-powered politics," has a sordid past as a shill for a worthless dot-com stock.
Armstrong, 42, touted a dubious Chinese software company, BluePoint, beginning in 1999, without disclosing that he accepted "below-market" shares in exchange for the glowing reports he posted on a site called Raging Bull, according to a 2003 civil suit that named him as a defendant.
"Armstrong posted over 80 times on the BluePoint message board located on the Raging Bull Web site in the first three weeks [it traded]," reads the complaint, filed by the Securities and Exchange Commission.
At no point in any of the 80 posts did Armstrong disclose he was paid for the service, the suit alleged. In fact, The Post has uncovered hundreds of Armstrong posts from 1999 to 2003, many supporting now virtually or entirely worthless stocks. |
