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The Register of Known Spam Operations
Alan Ralsky

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Alan Ralsky Index

Country: United States
State: Michigan
Convicted fraudster, spams using hijacked proxies & virus infected PCs and in the past by hijacking mail servers and mail accounts. One of the first people to host spam-websites in China to evade US law. Served years in prison due to stock-fraud spamming, but soon after being released, seemed to get right back into spamming.

Alan Ralsky SBL Listings History
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MEDIA: Spam sender pleads guilty

Man admits he manipulated stock market through e-mail; will testify against alleged 'king.'

Paul Egan / The Detroit News

DETROIT -- A stock manipulator pleaded guilty Friday to federal fraud and money laundering charges and agreed to testify against alleged Michigan "spam king" Alan Ralsky.

Francis "Frankie" Tribble, 41, of Los Angeles, who is already in prison for murder, pleaded guilty from a wheelchair in what prosecutors have called the largest criminal spam and Internet fraud case in American history.

Tribble, who is to be sentenced Feb. 5, admitted he made more than $2 million through the scheme, which involved sending tens of millions of unsolicited e-mail messages to pump up the prices of Chinese stocks held by Tribble and his co-conspirators.

"We caused excitement around the stock and the price of the stock to increase," Tribble told U.S. District Judge Marianne O. Battani. "Then we sold shares of the stock into the marketplace and reaped the rewards."

Thomas Dukes, a prosecutor with the U.S. Justice Department in Washington, D.C., said Tribble was a master stock manipulator who had long-term relationships with brokers. He knew how to time and adjust the volumes of e-mails to drive up stock prices, and he knew the optimal time to sell, Dukes said.

Tribble, who is being held in the Wayne County Jail, is already serving a sentence of 15 years to life for a 2007 second-degree murder conviction in California. Tribble's attorney, Marcia Morrissey, told Battani the conviction is unusual and is under appeal, arising from a 2004 motor vehicle accident in which Tribble was gravely injured.

Of 11 defendants indicted in the spam case, Tribble is the second to plead guilty and agree to testify against the lead defendant, Ralsky of West Bloomfield.

Judy Devenow, 56, of East Lansing, pleaded guilty to conspiracy and other charges on Tuesday and is also to be sentenced Feb. 5.

Prosecutors allege Ralsky made $3 million in the summer of 2005 alone as a result of the illegal spamming.

Ralsky's Detroit attorney, Steve Fishman, said the guilty pleas don't change anything with respect to Ralsky.

"We anticipate a very interesting trial," he said.

Tribble pleaded guilty to conspiracy, money laundering and wire fraud involving a financial institution, a 30-year felony. He could face up to nine years in prison under federal sentencing guidelines. As part of the plea agreement, Tribble agreed to forfeit his share of about $500,000 seized by federal investigators, Dukes said. Battani asked Tribble what happened to the rest of his profits.

"I don't have it anymore," he said. "It's spent and gone."

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Link to full story at the Detroit News

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