Monday, March 30, 2009

Former Teen Stock Swindler Hit With New Hacking Charges

Kevin Poulsen writes on Threat Intel:

A former teenage hacker who served prison time for an online stock-trading scheme is back in jail again, after allegedly gaining administrative access to a New York-based currency exchange service and gifting himself more than $100,000.

Van T. Dinh, now 25, was charged Friday with two counts of computer fraud in federal court in Manhattan.

The Pennsylvania-based Dinh 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 Securities and Exchange Commission with a fraud involving both computer hacking and identity theft. He was sentenced in 2004 to 13 months in prison, followed by three years of supervised release.

More here.


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