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Technology Stocks : Data Race (NASDAQ: RACE) NEWS! 2 voice/data/fax: ONE LINE! -- Ignore unavailable to you. Want to Upgrade?

To: Marshall who wrote (32125)	4/13/1999 8:48:00 PM
From: TheLineMan	Respond to of 33268

Looking at the list I see they have Kiddollars down as one of the bad guys and I thought he was a die hard long. Boy is he gonna be suprized.

To: Marshall who wrote (32125)	4/13/1999 8:55:00 PM
From: Mama Bear	Read Replies (3) \| Respond to of 33268

Marshall, I'll bet that Mr. Liviakis has fun when he gets deposed. Maybe we'll finally find out if he's ever promoted a company whose stock retained any significant advance that occurred at the same time as his efforts. BTW, you do know the truth is a complete defense, right? Barb

To: Marshall who wrote (32125)	4/16/1999 1:26:00 AM
From: Eric N	Read Replies (2) \| Respond to of 33268

BTW. (I apologize, if it is an old one for thread members) Carolina Man Arrested In Internet Stock Hoax By Dan Whitcomb LOS ANGELES (Reuters) - Combining old-fashioned detective work with cutting-edge cyber-sleuthing, federal agents Thursday arrested a North Carolina man accused of faking the Internet's first stock-manipulation news story. Gary Dale Hoke, 25, an employee of PairGain Technologies Inc., was arrested at his apartment in Raleigh and charged with securities fraud in connection with the bogus posting, which claimed to be a Bloomberg News Service story that said PairGain was the target of a billion-dollar corporate takeover. He appeared briefly before a magistrate in Raleigh and was released on $50,000 bond after promising to appear in Los Angeles Federal Court, where the charges were filed. The fabricated news story, which appeared on a Web site that purported to belong to Bloomberg, sent PairGain stock zooming 31 percent before crashing back to earth when the hoax was revealed. ''This is the first case in which an individual has abused the power of new technology to spread false news to millions of investors at lightning speed,'' said U.S. Attorney Alejandro Mayorkas. ''This office will not tolerate such abuse and is committed to prosecuting this type of securities fraud as well as other crimes that victimize investors,'' he added. Thom Mrozek, a spokesman for the U.S. Attorney's Office in Los Angeles, said Hoke is accused of creating a false Bloomberg report that said PairGain -- a Tustin, Calif., maker of high-speed access phone products -- was going to be taken over by an Israeli company for $1.35 billion. The report came amid rumors that PairGain would be acquired by another company, and investors who paid an inflated price for PairGain stock were defrauded when the price sank back to its pre-hoax levels, Mrozek said. The seesawing of PairGain stock highlighted the perils that investors face when getting tips from Internet bulletin boards and chat shops, where postings go largely unregulated and rumors spread like wildfire. Mrozek said prosecutors had so far not found any evidence that Hoke was trading PairGain stock on April 7, the day of the phony report. But Hoke had bought and sold securities online in the past, owned stock options in PairGain and had traded in the company as recently as January, Mrozek said. ''We just don't know what the motive is at this point, because it just happened,'' Mrozek said. ''Theoretically he was trading in the stock, possibly his friends were trading, possibly it was a prank. Its still speculation at this point.'' Though Hoke, a computer engineer in PairGain's Raleigh design center, attempted to hide his identity when posting the fake news story, Mrozek said, FBI agents were able to track him down using Internet Protocol addresses that were recorded when he accessed certain Web page services. According to the criminal complaint against Hoke, FBI agents found that the phony story was posted on a web page operated by angelfire.com, which provides free Internet addresses to anyone who requests one and has a working email address. In this case, the web page had been created by someone with a Hotmail address of ''headlines99+hotmail.com'' who used the password ''Im1bad.'' At the same time, someone identified as ''Stacey1TN'' had posted messages on a Yahoo news board alerting users to the page. ''Stacey1TN'' had listed the same email address. Agents then found that the web page was accessed by an account at Mindspring Incorporated which was registered to Hoke, with a work phone number listed at PairGain. Agents then used property records to find his home. A spokeswoman at PairGain headquarters in Los Angeles said the company would have no comment on the arrest. The case comes less than two weeks after a 30-year-old computer programmer from New Jersey was arrested for creating the ''Melissa'' virus, which disrupted and crashed email and computer networks for thousands of companies"