Monday, May 15, 2006

Stupid Pump and Dump

So, I checked my Yahoo spam-catching account, as I do periodically, and found about 15 emails all telling me how incredibly hot this "Riverbank Invt Corp" (ticker: RRBK) was. The dumb part is, it's not listed on any major exchange -- it's a penny stock. I'm sure that makes it easier to run a scam like this, but anyone stupid enough to fall for a scam like this probably isn't smart enough to be able to figure out how to find a penny stock, much less trade in it.

Oh, and in the interest of fair reporting, the company denies it had any part in the scam.

No comments: