Identity Theft News

FBI busts hacker for second time

Thursday, April 9, 2009

Van T. Dinh, who served time in jail in 2004 for hacking and securities fraud, now faces charges that he hacked into currency exchange service and paid $110,000 into his own account, Wired.com capitalize reported.

The Federal Bureau of Investigation filed amended charges against Dingh on Friday at a district court in Manhattan. Ding was arrested March 16 and is being held without bail, according to Wired.com.

Dinh was only 19 in 2003 when he hacked the account of a fellow stock trader to unload thousands of worthless stock derivatives from his own account, Wired.com reported.

Dinh was later convicted as the first person charged by the Securities and Exchange Commission with a fraud involving both computer hacking and identity theft, according to Wired.com.

The FBI affidavit of special agent Frank Manzi alleges that Dinh set up a legitimate account with an online currency exchange service in December and a few weeks later logged in using an administrative password to make two payments of $55,000 into his own account.

In the affidavit, Manzi said the FBI traced the hacking to an IP address assigned to the home where Dinh lives with his mother near Philadelphia.
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