from yahoo ostk board..by: investigate_the_sec 01/21/06 07:37 pm
Msg: 60872 of 60912
By: percywhit
I didn't put the whole email in the post. Funny you said that. See below
"We have been working with several former Lycos employees that have signed affidavits to the effect that they were told, ordered (and they provided vettable emails) to "kick off" critical posters on several ket RagingBull chat boards while "protecting" others. This included altering the "rating system" that I assume no longer is present on RagingBull. In one very serious case, a manager came into a work area where line-level RB supervision by moderators was performed, told a subordinate to take an early lunch but NOT logoff (a serious Lycos security violation) and then used that terminal to erase several account records less than 1/2 hour after the Lycos lawyers had notified that individual that they had received SEC and FBI inquiries about the accounts. One concerned employee advised the "at risk" staffer about what had happened when she went to lunch, and she went back, printed out the audit trail for her terminal, and had her friends sign or initial the printout and date it as well. We have copies of that and much more.
We're working with one of the founders of RB, who has, like us, "corked off" over RB, IHUB and several other "scam sites" as he calls them. He said that the little bit we have is only the tip of the iceberg. The principal reason that the Spanish consortium sold RB to the Koreans was to divorce themselves of the civil liabilities they feel will erupt in the next several years as outsiders peer into the operations of the major "stock chat" sites.
The RB startup partner we are talking to says he believes that RB has less than 6-weeks of life left. They have shut down something like 60% of the boards that existed this time last year, and are shutting boards down daily now through attrition. He did not explain how attrition enters into the picture, but I'm sure it's fascinating. "
Posted as a reply to: Msg 60870 by investigate_the_sec
