Accused spam scammer pleads guilty in Detroit
(AP) -- A Michigan man described as one of the world's most prolific senders of spam e-mail has pleaded guilty to charges accusing him of defrauding people by manipulating Chinese stock prices.
Prosecutors say 64-year-old Alan Ralsky of West Bloomfield made $3 million in summer 2005 by using an elaborate spam e-mail system to inflate the prices of Chinese stocks on U.S. exchanges.
Ralsky faces a possible prison sentence of 3 1/2 years or less under his plea agreement.
U.S. Attorney Terrence Berg says Ralsky was at one time the world's most notorious illegal spammer.
©2009 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.