August 29, 2000

FBI probes Net fraud in Emulex hoax

Author: JT Smith

The Federal Bureau of Investigation said it was using a statute barring fraudulent use of the Internet to look into a hoax that sent Emulex Corp. shares on a wild ride on Friday. Press release distribution service Internet Wire received via e-mail a purported statement from Emulex, a network equipment maker, announcing a restatement of earnings and resignation of the company's chief executive. Both pieces of news were false, leading to the federal probe, reports ZDNet.


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