PairGain employee arrested over hoax

An employee of PairGain Technologies was arrested yesterday on charges of having disseminated a false report over the Internet…

An employee of PairGain Technologies was arrested yesterday on charges of having disseminated a false report over the Internet that increased the value of its stock, authorities said.

Mr Gary Hoke (25) was charged with securities fraud and taken into custody in North Carolina, where he works in a satellite office of California-based PairGain.