Was the Bogus ICOA Press Release Actually a Clever Stock Scam?Eric Limer11/26/12 2:02pm11EditInvite manuallyPromoteDismissUndismissBlock for gizmodoHide Earlier today, a press release was floating around that claimed Google had bought Wi-Fi hotspot company ICOA for $400 million dollars. It was bogus but a lot of us bought it. So what gives? Why would someone do this? Probably to make a killing on stocks.