Man cops to botnet-fueled pump-and-dump scheme
An Arizona computer specialist has admitted taking part in a conspiracy that used large networks of compromised computers to inflate the value of stocks so they could later be sold at a profit. James Bragg, 41, of Chandler, Arizona, pleaded guilty on Wednesday to conspiracy to commit securities fraud and fraud, prosecutors said. He faces a maximum sentence of five years in prison and a $250,000 fine. It wasn’t immediately clear when sentencing is to take place. ...