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Resource ID: #17426
Subject: Fraud
Date: Oct. 4



An investigation describes the fraud tactics of a network of Internet firms. The story focuses on a "small Internet company," which "steals from Yahoo. Microsoft, AOL, and a host of other big name Web sites; it creates top-50 Web sites out of thin air, cheats advertisers by getting them to pay for useless advertising, and uses its position to artificially inflate penny stocks." The reporter reveals that "now charges of fraud and stock manipulation are hovering around the firm, and the FBI is investigating."

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