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Investors are also encouraged to report suspicious Internet offerings (or other suspicious offerings) via e-mail to enforcement@sec.gov. A user friendly form to assist you in making a report is available at the SEC Home Page www.sec.gov. Investors can also mail a report to the SEC's Enforcement Complaint Center, Mail Stop 8-4, 450 Fifth Street, N.W., Washington, D.C. 20549.
This can be found at the bottom of this page on the SEC website: http://www.sec.gov/litigation/litreleases/lr16700.htm

And this is an article that I found about a internet stock market:
http://www.news.com/2010-1071-281421.html
The Securities and Exchange Commission last June froze Estonian bank accounts worth at least $2.7 million. The agency said at the time that a fantasy Internet market called StockGeneration, based on the Caribbean island of Dominica, was defrauding thousands of naive investors.