SEC Accuses Hackers of Inflating Stock Prices

The Securities and Exchange Commission and Texas Attorney General Greg Abbott accused two Texas men of hijacking personal computers across the country to send mass e-mails and inflate prices on at least 13 stocks. Darrel Uselton, 40, of Katy, and his uncle, Jack Uselton, 69, of Houston, cheated investors out of about $4.6 million by infecting computers with bot viruses that forward spam e-mails to tout shares, the SEC said in a statement.

  • Read the article: The Washington Post