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Man Held in Google Stock Fraud

FBI has arrested a man in connection with a $2.8m stock fraud

     

Shak

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

WebmasterWorld Senior Member shak is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

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

10+ Year Member



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

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

WebmasterWorld Administrator rogerd is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

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

WebmasterWorld Senior Member eliteweb is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

finer9

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

10+ Year Member



That AdWord is hilarious!

ChrisKud5

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

10+ Year Member



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

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

10+ Year Member



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

EquityMind

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



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

kahuna

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

10+ Year Member



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

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

WebmasterWorld Senior Member 10+ Year Member



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

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

10+ Year Member



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

GoogleGuy

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

WebmasterWorld Senior Member googleguy is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

Very funny AdWord though..

Slade

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

10+ Year Member



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

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

10+ Year Member



Like the Adword!

jaski

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

10+ Year Member



ROFL ..

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

percentages

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

WebmasterWorld Senior Member 10+ Year Member



>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

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

WebmasterWorld Senior Member 10+ Year Member



>>> Adwords Campaign

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

sidyadav

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

WebmasterWorld Senior Member 10+ Year Member



lol..a wierd story..

Sid

ripper

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




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

jomaxx

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

WebmasterWorld Senior Member jomaxx is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

jomaxx

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

WebmasterWorld Senior Member jomaxx is a WebmasterWorld Top Contributor of All Time 10+ Year Member



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

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