The stock market attracts all kinds of people, including crooks both big and small. It looks like someone tried to manipulate Apple's stock recently by creating some fake Apple news. I have a feeling this isn't the first time. What's very interesting about this incident is they seemingly did it using Apple's email system.
If you read Engadget, you might have come across a recent posting of theirs stating the iPhone launch would be delayed. They reported this based on an internal Apple email that had been forwarded to them. Subsequently, Apple informed them that the memo was a fake. However, the damage was done, as Apple's stock briefly dipped 3% (that's $4 billion in market capitalization), allowing someone to buy the stock at a discounted price. To make matters even more interesting, the FCC approved the iPhone the very next day. Someone with prior knowledge of the FCC approval could have made millions from a dip and pump and dump. Looks like everyone is trying to make money off the iPhone, even if they have to do it illegally. Hopefully, someone is working on an investigation into the matter, because you can bet there is something shady behind this.
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