Alan Ralsky and Ten Others Indicted in Alleged Chinese Stock Pump-and-Dump Scam

Michigan spam king Alan Ralsky, his son-in-law and nine others have been indicted in Detroit on charges of violating federal anti-spam laws. The 41-count indictment said Ralsky, his son-in-law, Scott Bradley, 46, of West Bloomfield, and others used unsolicited e-mail to pump up the price of largely worthless stock in Chinese companies and sold the stock reaping huge profits and leaving Internet subscribers who purchased it holding the bag