Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Wednesday, July 18, 2007

SEC Obtains Consent Judgment Against Alleged Spammer

On July 16, 2007, a consent and final judgment was entered against Samuel Aaron Meltzer, whom the SEC identifies as a professional internet spammer. Meltzer consented to the entry of the final judgment, without admitting or denying the allegations of the Commission's complaint.  According to the complaint, Meltzer, in return for compensation from stock promoters and issuers, sent millions of unsolicited emails and created numerous websites to promote various penny stocks. In order to conceal his identity — and to avoid the detection of web hosts seeking to stop Internet spam — Meltzer operated under at least thirty different assumed Internet identities.

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