homepage Welcome to WebmasterWorld Guest from 54.166.110.222
register, free tools, login, search, pro membership, help, library, announcements, recent posts, open posts,
Become a Pro Member
Home / Forums Index / Google / Google Finance, Govt, Policy and Business Issues
Forum Library, Charter, Moderators: goodroi

Google Finance, Govt, Policy and Business Issues Forum

    
Man Held in Google Stock Fraud
FBI has arrested a man in connection with a $2.8m stock fraud
Shak




msg:1237937
 3:15 pm on Mar 13, 2004 (gmt 0)

Shamoon Rafiq, who was arrested at his home March 5, is accused of fraud as part of the scheme to sell victims shares of "Series B Preferred Stock" in Google, prior to what he described as the company's impending initial public offering, according to authorities.

[sfgate.com...]

Shak

 

XtendScott




msg:1237938
 7:38 pm on Mar 13, 2004 (gmt 0)

He should have build an Affiliate program and Adwords Campaign.

PreRelease Google Stock
Inside Track on Google Stock.
Buy now for insider prices. -aff
www.insiderwidgetstocks.com

Could have made so much more. LOL

rogerd




msg:1237939
 7:51 pm on Mar 13, 2004 (gmt 0)

How gullible do you have to be to fork over hundreds of thousands of dollars to some random guy offering a hot deal on Google stock? Greed is a wonderful thing...

EliteWeb




msg:1237940
 7:58 pm on Mar 13, 2004 (gmt 0)

Happens all the time, this guy just got caught. How many guys out there besides him were doing it...

finer9




msg:1237941
 8:17 pm on Mar 13, 2004 (gmt 0)

That AdWord is hilarious!

ChrisKud5




msg:1237942
 9:00 pm on Mar 13, 2004 (gmt 0)

Why would anyone be buying prefered stock for a company that has no history of being publicly traded, and probubly no indication of dividend payments to start anytime soon even if they were publicly traded. The only benefit I could see is a possible backlog of dividend payments years down the road, but with a tech company, who is going to take those kinds of risks anymore.

Actually, why would a company like Google who seems to be doing alright with privite funding need millions of dollars in public funding? Are the planning on sending a mission to mars or something? Why do they need so much public funding? I have a hard time seeing the need for a company in such a focused market (internet searching) need millions of dollars for reasearch and design or whatever else they can spend money on.

Any official word from google justifying the need for public funding hopefuly will come out well before anything happens.

JeremyL




msg:1237943
 9:33 pm on Mar 13, 2004 (gmt 0)

They are gonna need tohe funding for the current and upcoming SE battles between Google, Yahoo, and soon Microsoft.

EquityMind




msg:1237944
 10:04 pm on Mar 13, 2004 (gmt 0)

Damn - I guess this pre release stock I bought is worthless... :(

kahuna




msg:1237945
 10:31 pm on Mar 13, 2004 (gmt 0)

I think what really brought the people in
was the guy was giving away a free IPod with every deal...
but what got him busted was that all the IPods
he was giving away were the ones that had the
unreplaceble burnt out batteries...
Now that would reallllllly make me mad.

K

Chndru




msg:1237946
 1:25 am on Mar 14, 2004 (gmt 0)

Can't imagine all the advertising/hype on the "here-it-comes-IPO" that media is giving away for free to Google. It's rapidly becoming hard to not know of google, even for non-techno savy folks.

photonstudios




msg:1237947
 2:04 am on Mar 14, 2004 (gmt 0)

Faces up to 30 years in prison? Unbelievable....this doesn't sound right..

GoogleGuy




msg:1237948
 2:36 am on Mar 14, 2004 (gmt 0)

What a strange story. My inclination is to make a joke, but I'll avoid the temptation..

Very funny AdWord though..

Slade




msg:1237949
 2:56 am on Mar 14, 2004 (gmt 0)

The FBI identified the victims only by profession, including the chairman of a global telecommunications company, a New York investment banker, a corporate attorney and a senior executive at a brokerage firm, according to the complaint.

The most shocking part is that these people should have just plain known better. I mean, I know sometimes people get jobs they ought not have, but come on...

Pikin_It_Up




msg:1237950
 9:12 am on Mar 14, 2004 (gmt 0)

Like the Adword!

jaski




msg:1237951
 9:17 am on Mar 14, 2004 (gmt 0)

ROFL ..

Joke of the year and scam of the year awards go to ..

percentages




msg:1237952
 9:21 am on Mar 14, 2004 (gmt 0)

>including the chairman of a global telecommunications company, a New York investment banker, a corporate attorney and a senior executive at a brokerage firm

Well at least 3 out of the 4 got what was coming to them. If I was on the Jury I don't know if I'd give this guy 30 years or an award for initiative...LAMO ;)

It appears he liked to take those out for a ride who are known for taking everyone else out for a ride ;) What goes around comes around!

vibgyor79




msg:1237953
 6:52 am on Mar 15, 2004 (gmt 0)

>>> Adwords Campaign

Slight hitch though. You cannot use the word GOOGLE in the title or body of the ad. ;)

sidyadav




msg:1237954
 11:03 am on Mar 15, 2004 (gmt 0)

lol..a wierd story..

Sid

ripper




msg:1237955
 7:49 pm on Mar 15, 2004 (gmt 0)


Do those who were scammed, get their money back or what happens?

jomaxx




msg:1237956
 7:35 am on Mar 23, 2004 (gmt 0)

What suckers. Can anyone tell me how to actually go about buying these shares?

jomaxx




msg:1237957
 7:36 am on Mar 23, 2004 (gmt 0)

[Just kidding. It's way past my bedtime.]

Global Options:
 top home search open messages active posts  
 

Home / Forums Index / Google / Google Finance, Govt, Policy and Business Issues
rss feed

All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Home ¦ Free Tools ¦ Terms of Service ¦ Privacy Policy ¦ Report Problem ¦ About ¦ Library ¦ Newsletter
WebmasterWorld is a Developer Shed Community owned by Jim Boykin.
© Webmaster World 1996-2014 all rights reserved