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Feb 15, 2012

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Jonathan Lebed,

15, high-school student, earned at least $250,000 in six months in an online “pump and dump” stock scheme in which he bought thinly traded stocks, promoted them on Internet message boards, and then sold them at a tidy profit after the prices increased. He agreed to pay back the earnings plus interest to settle a civil lawsuit brought by the Securities and Exchange Commission.

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