Word: pairgain
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...stock go up, but it also makes you easier to find. Lebed may have got away with his schemes for a year, but others have been identified within days. In the Emulex case in August, Jakob was targeted within hours of his phony press release. Hoke, an employee at PairGain Technologies, was nabbed just a week after his bogus release declared that PairGain was about to be bought...
CHARGED. GARY DALE HOKE, 25, employee of PairGain Technologies; with securities fraud; in Raleigh, N.C. Hoke is accused of creating a fake Bloomberg news-service report on the Internet that claimed that PairGain would be acquired for twice its price. The notice briefly caused the firm's stock to increase...
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