A man from Texas was arrested on March 21, 2011 in USA on charges that he orchestrated an operation involving a spam run with a Russian computer hacker's assistance so he could inflate some newly-emerging companies' stock prices, stated the Department of Justice.
Specifically according to federal authorities, the man Christopher Rad from Cedar Park (Texas) masterminded one global pump-and-dump scam, which distributed spam mails promoting shares such that their values were artificially hyped and the proceeds shared among all the gang members. An 18-page indictment presented at New Jersey's federal court stated this.
Reportedly, the gang dispatched the spam mails through hijacked PCs of worldwide networks that according to security researchers were under the control of malware while the computer-owners had no idea of their machines being used.
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