SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Rat dog micro-cap picks... -- Ignore unavailable to you. Want to Upgrade?


To: Bucky Katt who wrote (3546)9/19/2000 6:30:39 PM
From: DanWebzster  Respond to of 48461
 
DEMP looks like a rat to me. It sold the on-line drug store division that was a leach on its profitable bricks and mortar operation. Under a $1 right now, but not for long.



To: Bucky Katt who wrote (3546)9/20/2000 6:48:16 PM
From: Fudd  Read Replies (1) | Respond to of 48461
 
William, I see FTEC made high lights. Manipulation is present every where.

Technology News - updated 5:57 PM ET Sep 20 Add to My Yahoo!

Reuters | CNET | Internet Report | ZDNet | MacCentral | AP



Related Quotes
FTEC
FUSA
MANC
TCGI
1 1/2
3 7/16
3 9/16
8
0
+1/16
-15/16
+1/8



delayed 20 mins - disclaimer

Speak your mind
Discuss this story with other people.
[Start a Conversation]
(Requires Yahoo! Messenger)





Wednesday September 20 5:53 PM ET
SEC Settles Teen Internet Stock Fraud Case

WASHINGTON (Reuters) - The Securities and Exchange Commission (news - web sites) settled on Wednesday a case against a New Jersey teen who allegedly made more than $272,000 in profit from an Internet stock fraud manipulation scheme.

Without admitting or denying the charges, Jonathan Lebed, 15, agreed to repay the money he allegedly made plus interest for a total of $285,000, the SEC said, adding it was the first time it brought charges against a minor.

In settling the matter, Lebed's attorney said: ``Mr. Lebed feels this is a fair settlement and he and his family are happy to put this matter behind them.''

Lebed, of Cedar Grove, N.J., was 14 years old when he bought a large block of a small, thinly traded microcap stock, then began touting the shares on Yahoo! message boards, the SEC complaint said. He was also accused of trading in the stocks of several other companies in which he had taken positions.

The postings he made included baseless price predictions and other false and/or misleading statements, said the SEC.

In one instance, Lebed claimed that a company trading for $2 a share would go for more than $20 a share ``very soon''.

Other messages said that a stock would be the ``next stock to gain 1,000 pct,'' and was ``the most undervalued stock ever,'' the SEC alleged.

Lebed's postings always caused the price and volume of the touted stocks to rise dramatically, the SEC contended.

Within 24 hours, he sold all of the shares, profiting from the increase in price that his messages caused.

Lebed's profits on each trade ranged from at least $11,000 to nearly $74,000, the civil complaint said.

The stocks involved include Manchester Equipment Co. (NasdaqNM:MANC - news), Just Toys Inc. (JUST.OB), Yes! Entertainment Inc. (YESS.PK), Fotoball USA Inc. (NasdaqNM:FUSA - news), Man Sang Holdings Inc. (MSHI.OB), West Coast Entertainment Corp. (WCEC.OB), Havana Republic Inc. (HVAR.OB), Classica Group Inc. (NasdaqSC:TCGI - news) and Firetector Inc. (NasdaqSC:FTEC - news).


Fudd