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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers
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To: Blue On Black who wrote (929)5/1/1999 12:55:00 AM
From: Bill Ulrich  Read Replies (2) of 3795
 
lee, I'm glad you asked about the Pairgain chap. He's facing charges of securities fraud, as well as a stock price manipulation charge which was just added this week by the SEC.

The PAIR case is markedly different from Webnode; a "night & day" contrast.

1. A distinct effort was made to forge a release from a real agency.
2. A publicly-traded company and its stock price were clearly detrimentally affected by his actions.
3. Real investors were harmed (at least one investor purchased PAIR shares as a result of the report).
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