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The Securities and Exchange Commission brought securities charges in Washington, D.C. against three law students who allegedly made $345,000 in an Internet price-manipulation scheme. Apparently unable to wait until graduation to make their fortunes, the four students recommended stocks on Fast-trades.com, a stock-recommendation site, in order to drive up their short-term prices. The SEC alleged that the ring leader, Georgetown University’s Douglas Colt, “targeted low-priced, thinly traded stocks knowing that his trades and subscriber activity would artificially increase the price of the stock selected,” an SEC press release stated. Colt’s mom, a Colorado Springs, Colo. city councilwoman, also was charged in the scheme. And you think you’re greedy.

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