RNBI pump and dump stock fraud returns from the dead
August 24, 2014
It has been two months since the last appearance of a fraud campaign pumping and dumping shares of the worthless company: Rainbow International (RNBI). On August 23, it returned from the dead in a new spam campaign (as also noted here).
While some spam traps may have received RNBI spam a week earlier that me, the scam is ongoing right now. Beginning Friday afternoon and continuing through this post, spam is once again spewing out from compromised, infected computers that are part of a spam botnet. I hope that this article may save some innocent potential victims from falling into this renewed stock fraud scheme.
Since I last wrote about the RNBI pump and dump scam, on June 23, 2014, the only thing that changed was that the value per share plummeted to almost zero. This happened because there was no news or development from the company and because the people who ran the last pump had dumped their shares for whatever they could sell them for. As always happens, the last ones in suffered the greatest losses. This is typical of all Ponzi schemes.
It is not my job to point my finger at any particular person or persons who are responsible for these ongoing scams. I am but a watchman warning you of "Danger, Will Robinson!" When, not if, you begin receiving fake news alerts promoting RNBI, don't get fooled into buying up shares and thinking you are going to join the winners. Instead, do your due diligence and read the actual facts about this shell company and the people manipulating it and the value of its stock. Just do a Google search for: "RNBI pump and dump scam"
Note, that the nature of the pump and dump spam emails changes almost every day. The "From" header is always spoofed and includes words that are chosen to fool gullible recipients into thinking they were sent by a legitimate company. The return path is an invalid recipient. The links to unsubscribe, or read the terms they claim you agreed to, are dead links to non-existent websites. The disclaimers bear no merit, because everything in these pump and dump email messages is bogus. The messages are composed from a spam template, with different sentences dropped into specific places.
As before, I anticipate that the pump will become desperate as time passes and the spammers, who have purchased millions of shares for almost nothing, don't see the ROI they expected. False claims about the company's alleged ventures and plans are the primary tactic they use to pump up the stock. Spammers invent news out of their imaginations, then blast out a new round of junk email. Eventually, as before, they may stop using actual text and begin embedding the spam message inside inline images. If you have images turned off by default in your email client, all you'll see is a plea to enable images (inside an HTML "alt" attribute) so they can get you to see the scam.
Unsurprisingly, the anti-spam filters targeting the RNBI pump and dump that I composed in June, for MailWasher Pro, are still detecting and deleting the new round of RNBI scams. If something changes, I will update my Pump and Dump filters and upload them to my server. If you are a registered user of MailWasher Pro and haven't been using my filters, why not give them a try? They are free for the taking. You can learn about MailWasher Pro here.
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