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Stock trading account hacker gets three years
From: InfoSec News <isn () c4i org>
Date: Wed, 13 Jun 2001 00:51:33 -0500 (CDT)



RIVERSIDE, Calif. (AP)  A man who illegally accessed other people's
online stock trading accounts has been sentenced to more than three
years in federal prison.

The Secret Service estimated that Babatunde Osiname, 36, and a
29-year-old Texas woman stole the identities of more than 100
U.S.-based employees of Swedish telecommunications giant
Telefonaktiebolaget LM Ericsson and other companies. They were accused
of draining about $1.9 million from stock and credit card accounts.

A U.S. District judge on Monday sentenced Osiname to 37 months in
prison and ordered him to pay more than $1.1 million in restitution.

Osiname pleaded guilty to two counts of mail fraud and wire fraud. He
admitted accessing accounts managed by ETrade Group using Social
Security numbers and home addresses provided by Jeanette L. Franklin,
of Richardson, Texas, who once worked in an Ericsson payroll office.

Franklin has been found guilty of 16 counts of mail and wire fraud.
She faces a maximum of 80 years in prison when she is sentenced July 9.

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