Word: fraudster
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...amazing aspects of Lebed's story, or that of any Net fraudster, is that people act on the hype they see online. Large banks like Chase Manhattan pay millions of dollars a year in premiums to insure against a rogue trader like Leeson. Your best protection against a rogue Internet hypster is just not to listen. Most pump-and-dump schemes involve micro-cap stocks. That's your first tip-off. Often they hype them as likely to double or better in weeks. If you have questions, the SEC has a brochure, "Pump&Dump.con," with tips for avoiding scams...
...Senate Investigation. Starr's victory has given Alfonse d'Amato's Whitewater committee new life just as the New York Senator was ready to close up shop. Before issuing the obligatory scathing report, he will make one last play--probably by hearing testimony from Hale, the perjurer and fraudster from the McDougal trial...
...instrumental in advising Miami moneyman and convicted tax cheat Victor Posner on his offer to establish shelters for the homeless in lieu of prison time. Onetime Wall Street legal eagle and insider trader Martin Siegel asked for and received the chore of running a children's computer camp. Securities fraudster Michael Milken is awaiting court approval for his plan to educate inner-city youth, a proposal that appears to have contributed to his early release from prison despite an initial 10-year jail sentence...