In a Complaint dated October 22, 2009, the United States Securities and Exchange Commission (SEC) alleged that from September 29, 2009, through October 2, 2009, Lambros D. Ballas engaged in a fraudulent scheme to manipulate the stock price of multiple publicly traded companies (including Google, Microsoft, and Walt Disney) by disseminating phony press releases and then hyping them on Internet bulletin boards such as Yahoo!.
It would have been bad enough if Ballas were simply another online pumper, dumper, or scammer. What makes this worse is that, Ballas, a 34-year-old resident of Huntington, New York, was a registered representative associated with an SEC registered broker-dealer. This wasn't just another yutz trying to make a quick, dirty buck. Ballas was a stockbroker.Read Bill Singer's Entire Huffington Post Article at:
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