FutureMedia sues chat-room con artist

U.K.-based FutureMedia, a web-based learning solutions outfit, is suing a Dutch man "for using Yahoo Finance and other message boards to impersonate company officials and deride the company," reports alarm:clock. The chat-room con artist, Maas van Dusschoten, allegedly demanded payments in cash and stock from Futuremedia to "go away," but he may have "picked on the wrong dog," says the a:c, as Futuremedia, struggling just to stay listed on the Nasdaq, is short on both cash and patience. But give the man his due for throwback, bubble-era stock manipulating audacity: Trading Markets Live notes that Mr. van Dusschoten even went so far as to post "several false press releases" on the Yahoo Finance. Note to day traders: double check your sources.
Posted by Oliver Ryan 10:35 AM 0 Comments comment | Add a Comment

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.