Spam king indicted in stock fraud scheme| Reuters

federal grand jury in Detroit has indicted a Michigan man dubbed the “spam king,” and 10 others, in an international illegal bulk e-mailing and stock fraud scheme, the U.S. Justice Department said on Thursday.

The 41-count indictment charges Alan Ralsky, 52, of West Bloomfield, Michigan, his son-in-law, and nine others with operating an spamming operation that focused on running a stock “pump and dump” scheme.