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Pastimes : Criminal Internet Stock Promoters Speak Out!

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To: Intrepid1 who wrote (172)11/11/1998 1:50:00 AM
From: Druss  Read Replies (1) of 189
 
purething--I love this part:
<<NEW YORK (AP) - A federal judge today approved a $1.03 billion class-action settlement between 37 brokerages and investors who alleged they were cheated by the firms in a price-fixing conspiracy involving Nasdaq-listed stocks.

The firms denied any wrongdoing.>>

I know I would drop a billion in a law suit if I was innocent. Maybe they settled to preserve their reputations, funny though how paying out a billion kind of makes them look guilty.
My opinion is that they should have to pay far more and some jail time (and banning from ever working in the market again) is called for.
All the Best
Druss
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