Hacker busted for identity theft

Friday, 10 October 2003, 8:57 AM EST

The U.S. Securities and Exchange Commission has filed civil charges against a young Pennsylvania man for computer hacking and identity theft in a scheme last July to dump worthless options for Cisco Systems stock.

The case against Van T. Dinh, 19, of Phoenixville, Pennsylvania, is the first time computer hacking and identity theft have both played a part in a fraud prosecution by the commission, the SEC said Thursday.

Dinh was arrested Thursday morning on the campus of Drexel University, where he claimed to be studying business, according to John Reed Stark, chief of the SEC Office of Internet Enforcement.

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