June 6, 2002 6:40 AM PDT
SEC, teen settle Net stock scheme case
Bartiromo also allegedly purchased large blocks of stock and then posted thousands of false messages on Internet message boards, which drove up prices. He then sold his entire position. The U.S. District Court for the Southern District of New York directed Bartiromo and Invest Better 2001 to deposit any assets outside the United States into the court's account. The court also froze his other assets. A civil penalty is still pending.