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The U.S. Department of Justice has handed down a 41-count indictment against 11 people for allegedly sending millions of "pump-and-dump" stock spam via botnets and hacked PCs.
The 41-count indictment charges the defendants with conspiracy, several types of fraud, and money laundering. The indictment alleges the group sent spam via botnets, or networks of hacked computers. A three-year investigation revealed the e-mails, which implored investors to buy cheap stocks, contained fake headers and other misleading information, the DOJ said.