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Who's Blogging  |
The Suspect
Aleksey Kamardin, a 21-year-old U.S. citizen whose last known address is in Tampa.
The Scheme
In July and August, Kamardin allegedly hijacked the online trading accounts of oblivious investors, sold existing securities and used the proceeds still held in the accounts to buy thinly traded stocks in order to profit by pumping up the price of the stock. On Aug. 28 and 29, Kamardin wired his proceeds from his E-Trade account to a Wachovia bank account, then transferred the funds to a second account titled in the name of his Russian-born roommate. The roommate wired the funds to a bank account in the Latvian capital, Riga.
The Hijacked Brokers
E-Trade Securities, TD Ameritrade, J.P. Morgan Chase, Charles Schwab
Total Profit From Schemes
$82,960
The Stock Trail
July 14
Opened: 20 cents
Sold: 33 cents
Profit: $831.88
July 21
WTS Dime Bancorp
Opened: 13 cents
Sold: 14 cents
Profit: $83.93
July 24
Quantum Energy
Opened: $2.45
Sold: $2.52
Profit: $53.89
July 24
Opened: 27 cents
Sold: 44 cents
Profit: $2,125
July 28
U.S. Lec
Opened: $3.54
Sold: $4.85
Profit: $2,932
Aug. 2
Opened: $1.07
Sold: $1.32
Profit: $1,214
Aug. 8
MCF
Opened: 76 cents
Sold: 82 cents
Profit: $348.75
Aug. 11
Northwater Resources
Opened: 90 cents
Sold: $2
Profit: $6,954
Aug. 18
Cyber Defense Systems
Opened: 36 cents
Sold: 73 cents
Profit: $13,499
Aug. 21
Thomas Equipment
Opened: 26 cents
Sold: 40-80 cents
Profit: $13,158
Aug. 22
Opened: 30 cents
Sold: 44-48 cents
Profit: $10,541
Aug. 28
ITEX
Opened: 58 cents
Sold: 94 cents
Profit: $15,047
Aug. 24
Fuego Entertainment
Opened: 88 cents
Sold: $1.20-$1.28
Profit: $9,164
Aug. 25
Gales Industries
Opened: 50 cents
Sold: 66 cents
Profit: $7,009
Graphic by Karen Yourish and Tan Ly -- The Washington Post
SOURCE: SEC
