Comment: This was one of the most expensive emails ever sent
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By Simon Sharwood, 26 Jul 2014
In January 2013, a chap called Jonathan Moylan sent a single email that caused an AU$314m - £174m or $295m - dip in a coal company's value.
The email was a fake press release stating that Whitehaven Coal's bank, ANZ, had decided not to lend the mining firm the billion or so dollars needed to open a new pit.
Moylan's message was sent from a domain that riffed on ANZ Bank's name, used the bank's logo and included the name of an ANZ Bank PR person and a phone number. That number was Moylan's own, so when journalists called to confirm the details of the fake press release, Moylan simply told them it was all kosher.
The Register/ Full Read Here/ http://www.theregister.co.uk/2014/07/26/one_email_costs_mining_company_300_meeelion/
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