Tuesday, December 15, 1998

USA - Web hoax creator sentenced to home detention, probation, restitution (Nando Media) A former employee who drove up the price of PairGain Technologies stock by posting a fake news story on the Internet avoided a jail term when he was sentenced to five months of home detention and five years of probation. He also was ordered to pay $93,000 to investors who purchased PairGain stock and sold at a loss after the company denied the bogus report that it was about to be purchased by an Israeli company for $1.35 billion. 0:28 #