Fergie's Tech Blog

Six in California Indicted for Online Bank Fraud

Dan Goodin writes on The Register:

Six California men accused of breaking in to online bank accounts and funneling out the proceeds have been indicted for bank and wire fraud and money laundering. The 53-count indictment could carry a sentence of as much as 30 years in prison and a fine of $1m.

The defendants, all from Fresno, allegedly netted $383,000 in the scheme, which ran from November 2003 to July 2004, according to the indictment, which is surprisingly vague on some key details about how they pulled it off. Two of them "acquired a software program from a free online source which allowed them to scan/surf the Internet for shared resources on other computers and which allowed the defendants to access those computers for its program backup files."

posted by Fergie @ 5/09/2007 11:43:00 AM