The Emulex hoax was an instance of securities fraud perpetrated by 23-year-old Mark Jakob on August 24, 2000. Jakob realized a profit of more than $240,000 by shorting the stock of Emulex Corporation but was arrested within a week by the FBI and sentenced to 44 months in prison.
The Emulex hoax was an instance of securities fraud perpetrated by 23-year-old Mark Jakob on August 24, 2000. Jakob realized a profit of more than $240,000 by shorting the stock of Emulex Corporation but was arrested within a week by the FBI and sentenced to 44 months in prison.
Source: Wikipedia "Emulex hoax" · CC BY-SA 4.0
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