Emulex hoax
id:
emulex-hoax-190-2245724
title:
Emulex hoax
text:
The Emulex hoax was an instance of securities fraud perpetrated by 23-year-old Mark Jakob on August 24, 2000. Jakob, a former employee of the press release distribution service Internet Wire, was facing a loss of almost $100,000 as a result of short-selling stock in the Emulex Corporation, a fiber-optic equipment manufacturer. To cover his losses, Jakob wrote a fake release stating that Emulex's CEO had quit and the company was restating its quarterly earnings from a profit to a loss. Jakob then
brand slug:
wiki
category slug:
encyclopedia
description:
Securities fraud incident
original url:
https://en.wikipedia.org/wiki/Emulex_hoax
date created:
2004-04-20T19:51:33Z
date modified:
2024-09-09T19:20:10Z
main entity:
{"identifier":"Q5374880","url":"https://www.wikidata.org/entity/Q5374880"}
image:
fields total:
13
integrity:
15