LinuxQuestions.org
Visit Jeremy's Blog.
Go Back   LinuxQuestions.org > Forums > Non-*NIX Forums > General
User Name
Password
General This forum is for non-technical general discussion which can include both Linux and non-Linux topics. Have fun!

Notices


Reply
  Search this Thread
Old 06-01-2017, 12:25 PM   #1
frankbell
LQ Guru
 
Registered: Jan 2006
Location: Virginia, USA
Distribution: Slackware, Debian, Mageia, and whatever VMs I happen to be playing with
Posts: 12,783
Blog Entries: 17

Rep: Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313
Man Tries To Bite Fitbit Stock, Ends Up in the Dock


My local rag reports on a two-bit stock manipulator who got caught. I think you all might find it interesting because computer forensics played a role in tracking him down. Although the description of the computer forensics is not technical, it is a bit more detailed then normally seen in a newspaper.

The mope was trying to cause Fitbit stock to spike so he could cash in on some options.

https://pilotonline.com/news/local/c...56c3f8858.html
 
Old 06-01-2017, 01:31 PM   #2
sundialsvcs
LQ Guru
 
Registered: Feb 2004
Location: SE Tennessee, USA
Distribution: Gentoo, LFS
Posts: 8,614
Blog Entries: 4

Rep: Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998Reputation: 2998
One wonders why the SEC immediately accepted the statement, and posted it as though it were genuine.

Did anyone, at SEC or elsewhere, even make any [international] phone-calls to the alleged buyer before publishing to the trade press that someone planned to buy the company?

Sure, this scam was easy to catch, but it also appears to me to have been much too easy to initiate, and it went too far without proper "due diligence."
 
Old 06-01-2017, 10:24 PM   #3
frankbell
LQ Guru
 
Registered: Jan 2006
Location: Virginia, USA
Distribution: Slackware, Debian, Mageia, and whatever VMs I happen to be playing with
Posts: 12,783
Blog Entries: 17

Original Poster
Rep: Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313Reputation: 3313
I suspect the SEC gets so many documents is likely so understaffed and dysfunctional that it tends to accept them if they look correct. Clearly this guy did his homework.

A more compelling observation is that the small fry get caught and charged and big fry get to retire with bonuses.

Last edited by frankbell; 06-01-2017 at 10:37 PM. Reason: clarity
 
  


Reply

Tags
computer forensices, fitbit, stock manipulation, stock market


Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is Off
HTML code is Off



Similar Threads
Thread Thread Starter Forum Replies Last Post
LXer: GLX-Dock (Cairo Dock) 2.3 Beta Gets MintMenu, Cardapio Applets, Many Other Improvements LXer Syndicated Linux News 0 01-23-2011 01:41 PM
LXer: Cairo-Dock - Desktop dock for openSUSE Linux LXer Syndicated Linux News 0 08-07-2008 09:20 AM
cairo-dock, gnome-dock, kiba-dock?? LinuxNewbie999 *BSD 0 04-03-2008 10:16 AM
Is there a good Linux equivalent to Yz Dock/Stardock/The OSX dock? EOHooligan Linux - General 1 09-19-2005 07:39 AM
Upgrading stock 2.4.22 kernel to 2.5.x then to 2.6.6 with existing stock .config file Kyl3 Slackware 8 06-09-2004 06:34 PM

LinuxQuestions.org > Forums > Non-*NIX Forums > General

All times are GMT -5. The time now is 10:03 PM.

Main Menu
Advertisement
My LQ
Write for LQ
LinuxQuestions.org is looking for people interested in writing Editorials, Articles, Reviews, and more. If you'd like to contribute content, let us know.
Main Menu
Syndicate
RSS1  Latest Threads
RSS1  LQ News
Twitter: @linuxquestions
Facebook: linuxquestions Google+: linuxquestions
Open Source Consulting | Domain Registration