SEC Files Charges Against Web Spammer

by Sabrina I. Pacifici on February 27, 2003

This Securities and Exchange Commission press release states that the agency filed suit in the U.S. District Court for the Eastern District of New York against Samuel Aaron Meltzer (“Meltzer”), referred to as a “professional Internet spammer,” for committing securities fraud via the Web (SEC v. Meltzer, E.D. N.Y., Action No. CV 03 770, Judge Denis R. Hurley, 2/18/03). Meltzer is alleged to have used spam and more than two dozen websites to promote penny stocks about which he made “made false and misleading representations.” The complaint is here. The current docket in this case is available here.

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