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Protip: Don't include SEC lawyer in your $4.6m botnet scam




Protip: Don't include SEC lawyer in your $4.6m botnet scam
Protip: Don't include SEC lawyer in your $4.6m botnet scam



http://www.theregister.co.uk/2009/03/19/sec_settlement_useltons_botnet_stock_scam/ 

By Austin Modine in San Francisco 
The Register
19th March 2009

When running a botnet to spam millions with emails touting your illegal 
stock-scalping scheme, it's rarely a good idea to include a US 
Securities and Exchange Commission lawyer's work address on the mailing 
list.

Alas, these kinds of oversights sometimes need to be learned the hard 
way, as allegedly is the case of two Texas men who recently settled a 
civil lawsuit with the SEC.

Darrel Uselton and his uncle Jack Uselton were charged with fraud by US 
regulators in 2007 based on claims they orchestrated a series of spam 
email campaigns using an array of botnets. The Useltons allegedly 
flooded inboxes across the country with spam emails pitching 
near-worthless penny stock using baseless price projections and other 
unfounded claims.

According to the Commission's complaint, the Useltons bilked investors 
out of more than $4.6m between May 2005 and December 2006 with their 
fraudulent activities. The SEC said the Useltons typically received 
unrestricted shares from penny-stock companies for little or no money in 
return for purported promotional activities.

[...]


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