Six in California indicted for online bank fraud

Thursday, 10 May 2007, 12:12 AM EST

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.

At The Register.

[ Read more ]




Spotlight

Key trends and opportunities in the information security profession

The security of businesses is being threatened by reports of understaffed teams dealing with the complexity of multiple security technologies.


Weekly newsletter

Reading our newsletter every Monday will keep you up-to-date with security news.
  



Daily digest

Receive a daily digest of the latest security news.
  
DON'T
MISS

Mon, Apr 20th
    COPYRIGHT 1998-2015 BY HELP NET SECURITY.   // READ OUR PRIVACY POLICY // ABOUT US // ADVERTISE //