Spammer Alan Ralsky Pleads Guilty to Federal Charges

[Paul Ferguson <fergdawgster () gmail com>]

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Via The Detroit Free Press.

[snip]

International spam king Alan Ralsky pleaded guilty this afternoon in U.S.
District Court in Detroit to charges of violating federal anti-spam laws by
sending millions of emails in a stock-fraud scheme.

A 41-count indictment last year said Ralsky, 63, of West Bloomfield; his
son-in-law, Scott Bradley, 47, also of West Bloomfield, and nine other
people used unsolicited e-mail to pump up the price of penny stock in
Chinese companies to artificially high prices and then sold it, reaping
huge profits for themselves and leaving Internet subscribers who purchased
it holding the bag.

Bradley also pleaded guilty today in front of U.S. District Judge Marianne
Battani along with three other people who were involved in the conspiracy.

“Alan Ralsky was at one time the world’s most notorious illegal
spammer,” U.S. Attorney Terrence Berg said after the plea.

“Today Ralsky, his son-in-law Scott Bradley, and three of their
co-conspirators stand convicted for their roles in running an international
spamming operation that sent billions of illegal e-mail advertisements to
pump up Chinese ‘penny’ stocks and then reap profits by causing trades
in these same stocks while others bought at the inflated prices.”

[snip]

More:
http://www.freep.com/article/20090622/NEWS05/90622041/Spam+king+to+plead+gu
ilty+today

- - ferg


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-- 
"Fergie", a.k.a. Paul Ferguson
 Engineering Architecture for the Internet
 fergdawgster(at)gmail.com
 ferg's tech blog: http://fergdawg.blogspot.com/

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