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Scams

by Mike Masnick

Thu, Sep 20th 2007 9:47am




Filed Under:
fraud, investors, stock, threats

Companies:
3com


Not Recommended: Trying To Boost A Company's Stock By Bombing Investment Banks

from the this-stock-is-ready-to-explode! dept

Investors do all sorts of odd things in trying to get the stocks they like to go up, rather than down. However, there's a limit -- and apparently one guy went way past that limit in trying to boost the stock of networking firm 3com. He sent bomb threats to 17 different investment firms, demanding that they boost the stock. Apparently, he actually did send two bombs, though it doesn't sound like they exploded. Either way, if you suddenly feel that you need to send bombs (or even just threats) to investment banks to make your investments rise, perhaps you should consider different investment opportunities.

4 Comments | Leave a Comment

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  1.  
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    RandomThoughts, Sep 20th, 2007 @ 9:53am

    Probably done by a hedge fund guy. Those guys will do anything.

     

    [ reply to this | link to this | view in thread ]

  2.  
    identicon
    Mscsrrr.com, Sep 20th, 2007 @ 12:29pm

    Trying To Boost A Company's Stock

    If this is not too dumb, it would be too laughable. That guy must be a first class lunatic

     

    [ reply to this | link to this | view in thread ]

  3.  
    identicon
    GoblinJuice, Sep 20th, 2007 @ 7:20pm

    What an idiot.

     

    [ reply to this | link to this | view in thread ]

  4.  
    identicon
    nonuser, Sep 20th, 2007 @ 7:56pm

    sounds pretty desperate

    I'm guessing this guy's Plan A was to sue the makers of the film "I, Robot" for hundreds of millions over the US Robotics trademark, but then he found out that 3Com spun it off to a private capital firm.

     

    [ reply to this | link to this | view in thread ]


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