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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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.