Kimble convicted of insider trading

Wednesday, 29 May 2002, 4:35 PM EST

Self-proclaimed uber hacker Kim 'Kimble' Schmitz was yesterday convicted of insider trading and sentenced to 20 months probation and a Ä100,000 fine. Schmitz, who was arrested by authorities while on the run in Thailand in January, had been deported to Germany to face the music over stock manipulation charges.

The 28 year-old 'convicted hacker' was found guilty of insider trading of LetsBuyIt.com shares, a ruse designed to net him Ä1.1m.

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