NEIP - A lesson in how to lose a fortune with market order Message Board

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Pastimes : NEIP - A lesson in how to lose a fortune with market order

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To: Jim Bishop who wrote (12)	12/15/1999 7:44:00 PM
From: Arcane Lore	Read Replies (2) of 20

Per KNBC in Los Angeles: Alleged stock manipulation LOS ANGELES, Dec.15 - Federal charges were filed on Wednesday against two men who allegedly used UCLA computers to post false Internet takeover messages to drive up the value of shares they held from 13 cents to more than $15. Arash Aziz-Golshani bought 20,000 shares of NEI Web World on Nov. 12, and Hootan Melamed purchased 50,000, according to the complaint. Over the next two days, the men allegedly used UCLA computers and aliases to post numerous messages on bulletin boards on Yahoo! and Raging Bull, falsely reporting that NEI was being bought by another company. As a result, federal authorities say, the price of the NEI stock jumped more than 115-fold. msnbc.com

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