12:31 AM  Shubham Yadav  No comments

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.

Posted in: Hacking News