New York State Attorney General Eliot Spitzer has accused Merrill Lynch analysts of working with investment bankers to boost stocks in an effort to gain underwriting and banking business. Analysts, however, privately ridiculed the stocks, proof of which Spitzer discovered through numerous company Emails. The following "hot stocks" were given favorable ratings by analysts while secretly being derided:
Aether Systems
Buy.com
Enron
Etoys
GoTo.com, Inc.
Infospace
Inktomi Corp.
Internet Capital Group
Ivillage
Lifeminders
Mypoints.com
Pets.com
TYCO
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See Also
- Securities & Investment Fraud