Arrests Made in Web Scheme.Federal authorities in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. charged three men with allegedly manipulating shares of a tiny stock by posting false rumors on hundreds of Internet message boards. The men, all in their 20s, reaped a total of $364,000 in trading profits Trading profit The profit earned on short-term trades of securities held for less than one year, subject to tax at normal income tax rates. trading profit from the alleged scheme, which was carried out during one weekend in November, authorities said. The message-board activity allegedly drove the price of tiny NEI NEI National Eye Institute (NIH) NEI Nuclear Energy Institute NEI National Emission Inventory NEI Not Enough Information NEI Netherlands East Indies NEI Nuevos Estados Independientes Web World Inc., a Dallas printing company, from pennies a share to $15 in just three days. The company isn't accused of wrongdoing wrong·do·er n. One who does wrong, especially morally or ethically. wrong  do .
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