Arrests: Revenue Jet and Affactive Go Down

Two Israelis and one American have been charged in conjunction with a massive e-mail spam and “pump and dump” scheme involving penny stocks that may have netted the trio and their accomplices as much as $2.8 million in illicit proceeds.  Following the announcement of the charges, at least two of the men were also quickly linked to a notorious rogue online-casino operation incorporated in the Netherlands Antilles.  The rogue casino group’s alleged operations include similar spamming operations, non-payment of winners, and even a massive hacking campaign targeting WordPress blogs listed on Google, which were being hijacked to promote the group’s various operations….