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Blogger Busted for Bad Bank Rumor

Posted Sep 28, 08 8:31 AM CDT in World,  Business,  Crime & Courts 

(Newser) – As worldwide worries mount about the US financial crisis, a Hong Kong blogger has been arrested after allegedly posting internet rumors that a local bank was in trouble, AP reports. He urged depositors to withdraw their funds, police said. He was arrested for computer use with criminal or dishonest intent. Last week hundreds of customers swarmed the Bank of East Asia's offices in Hong Kong and Singapore demanding their deposits after similar rumors.


Source: Associated Press

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Investors in Lehman Brothers holding a banner at a protest outside the Standard Chartered Bank headquarters in Hong Kong yesterday.   (AP Photo/Kin Cheung)
A man in Hong Kong was arrested for spreading a rumor of a bank run.   (Shutterstock)
The blogger was busted for using a computer for a criminal or dishonest intent.   (Shutterstock)
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Financial Crisis • Internet • arrest • Hong Kong • bank failure • message boards


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