ICOA, Google deal with fake acquisition release

Posted 12/5/12

PROVIDENCE – ICOA Wireless, a Wi-Fi access provider, has been dealing with the backlash of a fake press release announcing its $400 million acquisition by Google.

The announcement, released last week, was published on PRWeb.com from a fake e-mail address and a phone number based in Aruba.

According to news sources, the scheme may have been launched in hopes of boosting ICOA’s penny-stock price as part of a pump-and-dump stock scheme.

When the release was published on PRWeb, news sources including the Associated Press and TechCrunch ran with the announcement, which was plausible enough as Google has been experimenting with offering Wi-Fi in Mountain View, Calif.

AllThingsD – an online publication that specializes in technology and startup company news, analysis and coverage – refuted the story from off-the-record sources at Google which pointed to a lack of contact information and no statement on Google’s press page.

PBN Hosted

Join PBN for the best networking event and party of the winter - January 15, 2015 - the Book of Lists Party at the Providence Public Library. Reserve your spot by December 31st and get a holiday gift from PBN!
  • Best Places to Work
    Enrollment is now open for the 7th annual Best Places to Work program. Winners w ...
  • Manufacturing Awards
    Applications are now being accepted for the 2nd Annual Manufacturing Awards. Dea ...
Purchase Data
Book of Lists
Book of Lists cover
PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
Data icons
Data can be purchased as single lists, in either Excel or PDF format; the entire database of the published book, in Excel format; or a printed copy of the Book of Lists.
  • Purchase an e-File of a single list
  • Purchase an e-File of the entire Book of Lists database
  • Purchase a printed copy of the Book of Lists
    Latest News