Biogenerics is the Newest Stock Spammer in Town

Scott writes in, asking:

I got an email today from Hermann Higgins with subject line “deaden waist”. Attached to it was this gif of text trying to sound like an insider stock tip or something? Any clue what the scam is or what is going on with this? There’s not even a link in there, just this stupid gif. It made me curious.

Yeah, we get about a million of them a day ourselves, usually with strangely surreal and curiously poetic titles: ‘chorus facetiously’, ‘pulchritude anonymous’ and ‘apparatus lusciously’ top our spam folder this morning. We can tell you almost certainly what the point of this spam is: these emails are dealing with real stocks. For example, the spam you forwarded was for Biogenerics. Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. All the ones in our mail box this morning are for the same company.

It’s called stock spam, or also pump and dumping, which is absolutely illegal. So the answer here is pretty obvious: these spammers buy up a load of stock at pennies per share, send out millions of emails trying to artificially raise the price of junk stocks, then sell what they’ve got and make a profit. Hence, why they don’t need a link.

Or perhaps Biogenerics themselves are the perps. Either way, it’s a safe bet you probably don’t want to invest in Biogenerics anytime soon.

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  1. Ben Popken says:

    Brian writes:

    “What I don’t understand is why anyone would open this link when they don’t know the Sender is unknown to them and the Subject makes no sense.

    DON’T OPEN THE FRICKIN’ ATTACHMENT! It is either SPAM, which you should delete immediately, or it could be a virus/trojan horse/worm or some other malware.

    While it is important to let people know that these come-ons are scams, the more important message is not to open the attachment at all, because nothing good will come from it. Besides, spam is so prevelant because it works — enough people are sucked in. The only way to stop spam is to do your small part and not open it and not respond, so that it will eventually become financially untenable for spammers and their customers.”

  2. Paul D says:

    I just got one this morning titled “subvert composure”.

    Cute.

  3. Ben Popken says:

    Chad writes:

    “Saw your post about the pump and dump spam going around. I have the
    unhappy privilege of owning one of the domains (ckky.net) that the
    spammers use for their spoofed From: headers. So countless people get
    spam appearing to originate from orujnmfl@ckky.net (each piece of spam
    seems to have a diffferent gibberish string as the user name). As a
    result, I get dozens of bounces a day of mail from these asshats. This
    has been going on for several weeks, and Biogenerics is only the
    latest pump and dump target. Earlier stocks have included China World
    Trade (CWTD), Sticky Web (SIKY.PK), iKarma (IKMA), Pingchuan
    Pharmaceuticals (PGCN.OB), Stonebridge Resources Development (SBRX),
    and many others. They seem to change the target stock every few days,
    so I kinda suspect that the companies being pumped aren’t necessarily
    privy to the scam. I’ve been religiously reporting each bounce I get
    to spam cop for the past week or two, but it hasn’t had any effect so
    far. I am really irritated by these guys and wish I knew how to track
    them down and make them stop! “

  4. We get these on the fax machine at work constantly…