Mich. spammer, 10 others indicted in alleged Chinese stock pump-and-dump scam

January 3, 2008
By DAVID ASHENFELTER
FREE PRESS STAFF WRITER

Michigan spam king Alan Ralsky , his son-in-law and nine others have been indicted in Detroit on charges of violating federal anti-spam laws, the U.S. Attorney’s Office announced today.

The 41-count indictment said Ralsky, his son-in-law, Scott Bradley, 46, of West Bloomfield, and others used unsolicited e-mail to pump up the price of largely worthless stock in Chinese companies and sold the stock reaping huge profits and leaving Internet subscribers who purchased it holding the bag

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