"Nothing, Mom, just playing on the computer..."
Mime-Version: 1.0 (NeXT Mail 3.3 v118.2)
From: Peter Langston <psl>
Date: Wed, 20 Sep 100 13:24:49 -0700
Subject: "Nothing, Mom, just playing on the computer..."
X-Lib-of-Cong-ISSN: 1098-7649 -=[ Fun_People ]=-
Forwarded-by: Gregory L Niemann
Wednesday, September 20, 2000
15-year-old in fraud case
- By Emily Church
The SEC says it's settled civil fraud charges against Jonathan G. Lebed,
age 15, for using the Internet to conduct a stock manipulation scheme that
made profits of $272,826. Ronald Long, SEC District Administrator, said
Lebed bought blocks of microstocks and then sent "numerous false and/or
misleading unsolicited e-mail messages" touting his purchases in stocks
that include Just Toys Inc. (JUST.OB: news, msgs) and The Havana Republic
(HVAR.OB: news, msgs). The case is the first for the SEC against a minor.
© 2000 Peter Langston