As punishment, the man should have to read spam all day — and while he’s at it — eat spam.
By BEN SCHMITT
Detroit Free Press
DETROIT — The feds once called him the spam king.
On Monday, Alan Ralsky took on the new title of convicted felon after pleading guilty in U.S. District Court in Detroit to sending millions of unsolicited e-mail in a stock-fraud scheme that netted him $2.7 million in the summer of 2005.
An indictment charged that Ralsky, 63, of West Bloomfield; his son-in-law, Scott Bradley, and others used unsolicited e-mail to pump up the price of penny stock in Chinese companies to artificially high prices and then sold it.
