Selling 10 million names for $1,600

Article Abstract:

Eric Head had set up Gold Disk Canada Inc. in June 1998 running the company out of his parent's home by selling e-mail addresses to marketers around the world at prices reaching as high as $1,600 for 10 million names. Yahoo Inc. accused the Heads of being the largest spammers and sued Eric, his brother Matthew and their father.

Prepackaged software, Legal issues & crime, Executive changes & profiles, Legal/Government Regulation, Officials and employees, Computer software industry, Software industry, Company legal issue, Cases, Investigations, Spam (Junk email), Unsolicited bulk e-mail, Head, Eric

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CIBC affiliate pays to settle allegations over bogus stock scheme

Article Abstract:

Mellon Global Securities Services Co., a transfer agent co-owned by the Canadian Imperial Bank of Commerce has agreed to pay $6 million (U.S.) to settle allegations by Mellon Financial Corp. on a fraudulent stock scheme. Details of the scam are discussed.

United States, Commercial Banks, Canada, Security brokers and dealers, Securities & Commodities Services, Securities, Commodity Contracts, and Other Financial Investments and Related Activities, Banking industry, Remedies, Securities industry, MEL, Mellon Financial Corp., Mellon Global Securities Services

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