An 18-year-old is being questioned for publishing false reports that Apple CEO Steve Jobs had suffered a heart attack, which led to a huge drop in the company's share price, according to Bloomberg.
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The news, whichwas published on CNN's citizen journalism website CNN iReport early this month, led to a fall in Apple's share price. It said Jobs had been rushed to hospital after suffering chest pains.
"I have an insider who tells me that paramedics were called after Steve claimed to be suffering from severe chest pains and shortness of breath," said the posting.
The US Securities and Exchange Commission (SEC), which regulates US share trading, is investigating the motives of the teenager who allegedly wrote the article.
According to Bloomberg, the SEC has not found any evidence of a motive.