North Carolina Man Indicted in Scheme to Fraudulently Obtain Millions of Napster Shares
North Carolina resident Charles Cole was indicted in the Southern District of New York on wire fraud, conspiracy to commit wire fraud, and conspiracy to commit securities fraud for allegedly obtaining at least 239 million Infinite Reality (Napster) shares through fake bank records, sham correspondence, and a counterfeit bank website, then using those shares to secure loans while never paying for them.