Stories by Sharon Walsh

The Placebo Effect

Arash Aziz-Golshani lived and breathed stocks. Only one year out of the University of California at Los Angeles, Aziz-Golshani had a business selling leather coats on the Internet from his Beverly Hills, Calif., home. But his passion was the market. A sophisticated daytrader with numerous accounts, the 23-year-old was something of a pied piper for pals in the Persian community, tipping them off on stocks about to move.

Feds Make Arrest in Emulex Hoax Case

Last week's $2.2 billion drop in the value of Emulex Corp. happened fast - about 16 minutes - as investors dumped the stock after reading various Internet news stories that were based on a phony press release.