Unsolicited stock scams are as old as Wall Street itself. For those who are unfamiliar, dude gets some inheritance money or drug money and buys a company that is worthless (i.e., Schmucko.com Inc., online purveyor of used toilet paper). Schmucko.com Inc., has been de-listed from any major stock exchange and only trades over-the-counter (the so-called penny stocks, as in that's how much you will be left with). Dude starts spamming the world about some bogus breakthrough in the used toilet paper industry and a few fish take the bait. The sudden jolt in buyers raises the prices of SCHMUCKO from $0.02 to $0.30 a share. Dude waits for the stock to peak and sells all his stock for a big profit. Meanwhile all the schmoes are holding shares in used toilet paper stock which has dropped from 30 cents to about quarter-penny a share (If you invested $10K, yu would be left with $83.33). Don't be duped.
