Bail Set at $1 Million for Convicted Spammer

Bail was set at $1 million for a North Carolina man awaiting sentencing in the nation's first felony prosecution of illegal distribution of junk e-mail, or spam. Prosecutors had argued that Jeremy Jaynes of Raleigh is too great a flight risk to be allowed bail, saying he's been squirreling away parts of his $24 million fortune in foreign bank accounts and faces up to nine years in prison.