Trader faces jail for sending false information on internet

A US trader posted a bogus press release on the internet that caused the stock of Lucent Technologies to drop last March.

Trader faces jail for sending false information on internet
Sat, 10 Mar, 2001 - 10:29

A US trader posted a bogus press release on the internet that caused the stock of Lucent Technologies to drop last March.

Fred Moldofsky, aged 44, of Houston, Texas, has been convicted of securities fraud. He posted the press release on a Yahoo! Inc. message board, the US Attorney for the Southern District of New York said Friday.

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CourtsHeathrowPlace: USPlace: Houston, TexasPerson: Fred MoldofskyPerson: US Attorney for the Southern District of New YorkPerson: MoldofskyOrganisation: Lucent TechnologiesOrganisation: Yahoo! Inc.Organisation: LucentOrganisation: Wall Street
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