Fun_People Archive
20 Sep
"Nothing, Mom, just playing on the computer..."

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From: Peter Langston <psl>
Date: Wed, 20 Sep 100 13:24:49 -0700
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Subject: "Nothing, Mom, just playing on the computer..."

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Wednesday, September 20, 2000

15-year-old in fraud case
- By Emily Church

The SEC says it's settled civil fraud charges against Jonathan G. Lebed,
age 15, for using the Internet to conduct a stock manipulation scheme that
made profits of $272,826. Ronald Long, SEC District Administrator, said
Lebed bought blocks of microstocks and then sent "numerous false and/or
misleading unsolicited e-mail messages" touting his purchases in stocks
that include Just Toys Inc. (JUST.OB: news, msgs) and The Havana Republic
(HVAR.OB: news, msgs). The case is the first for the SEC against a minor.

© 2000 Peter Langston