Saturday, October 04, 2008

SEC launches probe into phony Jobs heart attack report | News - Digital Media - CNET News

iAccountable?...

Some observers have speculated that someone may have posted the story to manipulate the stock market. A source close to the investigation said that CNN has attempted to contact the anonymous poster but hasn't received a reply. Martin declined to say what kind of information the SEC has requested.

In order to submit a story on iReport, a person need only submit an e-mail address. Martin said that it clearly says on the site that most stories are not edited, filtered, or vetted. Those stories that have been checked out are labeled "On CNN." This means that the cable network has verified the report and is using it on a CNN-branded TV show or Web site, she said. The Jobs heart attack story never got that label.

SEC launches probe into phony Jobs heart attack report | News - Digital Media - CNET News

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