Man’s Claim to 999 Billion Shares of Microsoft Shows How Easy It Is to Fake an SEC Filing

Via our favorite public documents-scrutinizing blog, Footnoted.com, comes this gem: A man in Texas filed a form 4/A–”Changes in Beneficial Ownership”–with the Securities and Exchange Commission alleging ownership of 999 billion shares in Microsoft for $999 billion. The regulatory agency didn’t notice, apparently, that 999 billion is more than 118 times the number of Microsoft shares in existence.  Read More

Man’s Claim to 999 Billion Shares of Microsoft Shows How Easy It Is to Fake an SEC Filing