The SEC Web site describes what happened next: After lying to investigators and then recanting, Garst settled a securities fraud case by agreeing to pay $15,600. The stock promoter she was working for, Mark E. Rice, was ordered to pay $1.44 million.
In honor of the most unprofitable spam in history, here's a quote from an e-mail exchange in which Rice advises Garst on how to invest in stocks before pumping them in millions of spam:
Due to the fact you have inside knowledge of a potential rise in the stock price guess what...... the SEC would say you are an insider! Not to fret there is the right way of doing it. If an unrelated entity (new corporation) set up an e-trade www.etrade.com account and did the buys and sells, that is the way to avoid the issues. This is very sensitive and I caution you to "stay silent" about our campaigns with the many stocks I feel we shall do.
Would you really like this type of filtering?