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Oct 24, 2008

Teen posted fake Steve Jobs story

Bloomberg reports that an 18-year-old was responsible for posting a fake CNN iReport that Apple Inc. CEO Steve Jobs had suffered a heart attack, a story that sent the company's shares down as much as 5.4 percent.
The U.S. Securities and Exchange Commission is investigating motive for posting the article, but so far has not found evidence that the teen attempted to profit from the stock drop.
To read the full report click here.

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