The micro-cap underworld is a brutal, scam-ridden area, and there are very few reporters keeping an eye on it. If Motley Fool hadn’t reported on it, there’s a good chance this scam wouldn’t have gotten reported. You can bet there are many, many of them that never do.

 

Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at rc2538@columbia.edu.