ONEOK

Fraud on sites like Twitter is on the rise, and it's sending shivers down the backs of executives and investors everywhere.With a third of all Internet users on Twitter and more than 175 million tweets being sent every day, the second-largest social network behind Facebook (NASDAQ:FB) has undoubtedly become a central hub for news gathering. With news traveling at lighting speeds, however, it has also become a target of criminals looking to get into the business of defrauding.Twitter has become a hot-spot for securities fraud and it is already having material effects on companies as they try to play catch-up and quickly adapt to the costs of doing business on social networking sites.The U.S. Securities and Exchange Commission said it is aware of the escalating problem and will find, catch and prosecute criminals who use social sites to manipulate stock prices."Stock market manipulation is illegal no matter the medium, and as some of the crooks have already learned the hard way, the SEC ...

Read More ›