Word: georgetowners
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...author of this particular script is Douglas Colt, a third-year law student at prestigious Georgetown University in Washington. With his mother Joanne, who is a city-council member in Colorado Springs, and three law-school buddies, he scored profits of more than $345,000 in an online scam made public last week. "The migration of fraud from boiler rooms to the Internet is the most important new trend to hit U.S. markets in years," warns Richard H. Walker, top cop at the Securities and Exchange Commission...
Liar, beware. In announcing a settlement with the Georgetown crew--who neither admitted nor denied the allegations and promised not to violate securities law in the future--the SEC was showcasing a stepped-up effort to crack down on rampant Internet stock swindlers. With the Net now America's stock-tip central, boiler rooms have become inefficient relics...
...Georgetown caper underscores how investors can be duped by outright amateurs. Ringleader Colt, 24, attracted 9,000 subscribers to a website he called Fast-Trades.com according to court papers. He used the site to issue stock picks, eventually singling out four penny stocks in which he and his friends had bought up thousands of shares at rock-bottom prices...
Fergusson leaped 15.49 meters, finishing behind Georgetown junior Nathan Rollins (15.99 m) and Cornell senior J.P. Pollak...
...third of the online donors had never given money to a campaign before. At a town hall in Beaufort, the sign-in sheets that usually get a few signatures per event were crumpled from the compression of so many pens. The McCain team planned for 250 at a Georgetown fire station, and 1,000 turned out, climbing up to sit on fire trucks and on ladders propped against the wall and spilling into the street. "There's something a little bit magical going on," said McCain on the bus afterward, looking dazed by the crowd. "There's something happening...