Blogger Busted for Bad Bank Rumor

Hong Kong post urged customers to take their money and run
By Matt Cantor,  Newser User
Posted Sep 28, 2008 8:31 AM CDT
Investors in Lehman Brothers holding a banner at a protest outside the Standard Chartered Bank headquarters in Hong Kong yesterday.   (AP Photo/Kin Cheung)
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(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.