Spammers Plead Guilty

Four individuals who evidently made more than $10 million as part of pump-and-dump spamming scam plead guilty to charges of fraud. The group of individuals, from Arizona, Michigan and France, promised 15 small companies that they can help these companies go public. As part of the scam, they e-mailed what appear press releases from bona-fide organizations (such as BRS - through the use of the domain-addresses under the name BRS) to drive up demand for the companies' stock, which drove up ("pumped") the stock prices. The individuals then sold ("dumped") the shares they previously purchased at the low price.

Lead by our group President, BRS Rim of the World Office in California, contributed to stopping this scam by the capture of this individuals. By reporting and triggering and investigation which lead to the capture, accusation, and guilt of the individuals causing this spamming pump-and-dump scam. After we intercept messages from the spammers and follow through some of the companies allegedly cooperating with this spam, BRS reported the information to Federal Authorities which proceed with an investigation, arrest, and convictions. BRS cooperates and abides by US legal requirements - includes US Patriot and BioTerrorism Acts, as well as other legal requirements as USA based organization.

These individuals, four (4) known to date, could spend up to 10 years behind bars (prison) and fines in excess of the money accrued from the scam. In addition to the four (4) from Arizona, Michigan and France other individuals are on the run as part of this scam. The four (4) individuals arrested already pleaded guilty.       

BRS fulfills the requirements of ISO/IEC 17021, and operates in alignment with ISO/IEC 17024 for the certification of auditors and approval of lead auditor - assessor training. BRS is a certification - registration body founded in 2003 from its Network BRS GlobalNet operating since 1984 with centralize operations residing at the Rim of the World Office, Running Springs, California.

BRS provides adding-value focusing on competitiveness and reduction of risk management solutions. BRS Certifications Malaysia Sdn Bhd and BRS Uluslararasi Denetim ve Belgelendirme Hizmetleri Tic. Ltd. Sti., BRS España SL are operating unit coordinating BRS training activities under the guidance of BRS Rim of the World Office covering the Americas.