Microsoft sues stock spamming John Doe

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Hoping to tackle the growing problem of pump-and-dump stock scams Microsoft has quietly filed lawsuits against at least three alleged perpetrators who it says used its MSN Hotmail networks to promote stocks.

Pump-and-dump spam has not only taken up resources and threatened the smooth functioning of Hotmail, but it “continues to result in significant costs to Microsoft,” the court filings state. Microsoft executives were not immediately available to comment for this story.

So even software giants feel the sting of spam. I guess it’s no surprise that Hotmail networks are carrying a a heavy portion of the global spam burden. Filing a ‘John Doe’ lawsuit is a new twist. Somehow I don’t think the spammers are shaking their boots.

Read the full IDG News article

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