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Technology Stocks : PairGain Technologies -- Ignore unavailable to you. Want to Upgrade?

To: Mark_H who wrote (30442)	4/15/1999 3:43:00 PM
From: ztect	Respond to of 36349

PairGain worker charged in Net fraud Feds: Bogus Web page was scheme to drive up stock cbs.marketwatch.com By Steve Gelsi & William L. Watts, CBS MarketWatch Last Update: 3:04 PM ET Apr 15, 1999 RALEIGH, N.C. (CBS.MW) -- In one of the biggest Internet hoaxes involving a public company, the FBI arrested a PairGain Technolgies employee Thursday on suspicion of orchestrating a phony online news report in a bid to drive up the stock of his firm. Gary Dale Hoke was charged with one count of securities fraud by federal prosecutors in Southern California. PairGain (PAIR: news, msgs) is based in Tustin, a suburban Los Angeles community, but he was arraigned in Raleigh, N.C., where he has been working for the telecommunications company. Hoke, a mid-level engineer for two years, had been suspended since Tuesday after his superiors learned he was under investigation, according to Charles McBrayer, a spokesman for PairGain. McBrayer said Hoke had "a minor amount" of unexercised stock options in the company. For the rest of the news see link above........