How to avoid Internet stock scams
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Things Scam Companies Don’t Want You To Think About
My editor, Owen Thomas, recently passed along to me an email that had found its way to his inbox about a stock called Xethanol (XNL), suggesting that I might be interested in looking into it. The email claimed that Xethanol was attempting to defraud investors. I wasn’t too familiar with the company, but I knew it produced ethanol and was often mentioned alongside companies like Verasun (VSE) and US BioEnergy (USBE). That was enough to spark my interest, and a quick search of the company name along with the word ‘scam’ came up with this Sharesleuth article.
Read the article at Business2.0
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