The accused mastermind of a scheme that pumped up the value of "pink sheet" Chinese penny stocks through tens of millions of unsolicited e-mails pleaded guilty today to federal fraud charges.
Alan M. Ralsky, 64, of West Bloomfield Township, known as the "Spam King" for his years as a prolific e-mailer for hire, entered pleas to fraud and money laundering charges late today before U.S. District Judge Marianne O. Battani.
Also pleading guilty were Ralsky's son-in-law, Scott K. Bradley, 38, also of West Bloomfield Township, and co-conspirators James E. Fite, 36, of Culver City, Calif., John S. Bown, 45, of Fresno, Calif., and William C. Neil, 46, of Fresno, Calif., according to federal authorities.
SOURCE: DETNEWS
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.