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Former Teen Stock Swindler Sentenced to Three Years on New Hack
From: InfoSec News <alerts () infosecnews org>
Date: Fri, 1 Apr 2011 00:28:47 -0600 (CST)
http://www.wired.com/threatlevel/2011/03/dinh-2/ By Kevin Poulsen Threat Level Wired.com March 31, 2011 A former teenage hacker who once served time for an online stock-trading scheme was sentenced in New York this week to three years in prison on new charges of cracking a New York-based currency exchange service and gifting himself more than $100,000. Van T. Dinh, now 27, was also ordered to pay $125,000 in restitution for the scam, and to serve three years of federal supervised release. Dinh, who lives in Pennsylvania, gained notoriety in 2003, when, as a 19-year-old stock trader, he found a novel way to unload a bad investment in thousands of worthless stock derivatives: He hacked into another trader’s account, and bought the options from his own account. The gambit made Dinh the first person charged by the Securities and Exchange Commission with a fraud involving both computer hacking and identity theft. in 2004 he was sentenced to 13 months in prison. [...]
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