[ISN] Former Teen Stock Swindler Sentenced to Three Years on New Hack

From: InfoSec News <alerts_at_private>
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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Received on Thu Mar 31 2011 - 23:28:47 PDT

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