the shares of French construction company Vinci SA fell on Tuesday by 20% in just a few minutes after several financial media published false news about the dismissal of the Finance Director of the company.
According to The Wall Street Journal in the fake press release stated that the top-Manager was fired due to errors in reporting, which could lead to an overestimation of the financial indices of the company for several billion euros. The release was sent to journalists with made-up email address and contain a link to a website that simulates a real company website, reports “Interfax”.
Also, the letter was listed a fake phone number under which it was proposed to connect with an existing press-the Secretary of the company Paul-Alexis bouquet. Call on journalists, Dow Jones Newswires said a man who introduced himself as Paul-Alexis, and confirmed fake news. Moreover, the attackers published from the same address, a partial refutation of the news that further confuse the market participants.
it is Noted that attempts to manipulate the stock often, but they are rarely so well planned. In response Vinci published a categorical denial of all these facts, noting that “the company is considering any legal action about the situation”. In France, the manipulation of stock prices is a criminal offence. At the end of trading Tuesday, the price of securities Vinci dropped 3.8%.
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