Man accused of crashing UBS servers

Friday, 9 June 2006, 12:27 AM EST

A US court has heard how a disgruntled IT manager allegedly wiped out all UBS Paine Webber servers for a day leaving traders unable to trade because he was unhappy with his bonus.

Not only is Roger Duronio accused of using a "logic bomb" to crash the investment bank's servers he is also accused of going short on UBS shares just before the incident - so if UBS shares fell in value Duronio would make a profit.

At The Register.

[ Read more ]




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