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Pastimes : Business Wire Falls for April Fools Prank, Sues FBNers -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (3195)	7/16/1999 3:22:00 PM
From: Mighty_Mezz	Respond to of 3795

News from Down Under, GMTA department. ===paste=== The Australian National Securities and Investment Commission created a bogus "Millennium Bug Insurance Company" online as an April Fools joke in order to test the gullibility of the public. They offered blue chip companies insurance against losses caused by the Y2K bug. But more important, the site solicited investments in the "company" from Internet visitors. The site had more than 10,000 visitors - and 233 people offered to invest a total of $4 million in the bogus company! On April Fools Day, the investors were told the truth: that the Web site was part of an elaborate scam to teach investors to be more cautious. ===endpaste=== From this month's scambusters.org newsletter. Visit! Subscribe! They do good work. ...Mezz - Good thing they didn't advertise it via some litigious, humorless, tickerspamming wire service, eh? :)