On Monday, November 24, 2009 the internet-spamming world was dealt a terrible blow when Alan Raisky, 61, of West Bloomfield MI was sentenced to 51 months in prison and another 5 years of probation. The self-labeled “
Raisky and his wiley band of web-based malcontents would pick a cheap stock, buy large quantites when it was very cheap and then literally flood the internet (very much against Al Gore’s original intent) with messages indicating this stock was the next “hot buy”. As recipients would buy the stock and send the price up, Raisky would sell. Hence pump and dump.
So, Raisky is off to prison and then supervised release and finally…finally, all my Nigerian friends that are the