October 23rd, 2008
SEC examining teen's motive in fake Jobs heart attack rumor
The U.S. Securities and Exchange Commission (SEC) is examining an 18-year-old’s motives after they posted a fake report on CNN’s iReport.com on 3 October 2008 that Apple CEO Steve Jobs had suffered a heart attack, according to Bloomberg.
The report briefly sent Apple shares down 5.4 percent (or about US$4.8 billion) before an Apple spokesman stated that it wasn’t true. According to two Bloomberg sources investigators haven’t found evidence that the teen was trying to profit by driving down Apple stock.
Jason D. O'Grady is the editor of PowerPage.org, which has been publishing daily mobile technology news since December 1995. For disclosures on Jason's industry affiliations, click here or to view Jason's full profile click here.
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