UK teens hatched stock-picking fraud using non-existent ‘robot’ program

http://www.flickr.com/photos/cubagallery/4211550425/

The Securities and Exchange Commission (SEC) has filed a suit against British twin brothers alleging a cunning variation on the classic ‘pump and dump’ stock fraud that used the prowess of a non-existent computer program to con over $3 million from eager investors. 

Extraordinarily, the pair, Thomas and Alexander Hunter from seaside town Whitley Bay near Newcastle, are said to have set up the fraud in 2007 when they were only 16 years old, not even young enough to vote or legally drink alcohol.

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Story added 24. April 2012, content source with full text you can find at link above.