Information Security News: Kimble/Schmitz gets 20 months suspended sentence

[InfoSec News <isn () c4i org>]

http://www.theregister.co.uk/content/6/25481.html

By John Leyden
Posted: 28/05/2002 at 13:22 GMT

German glam-hax0r Kim Schmitz (aka Kimble) has received a 20 month 
suspended sentence from a Munich court after being convicted of stock 
price manipulation designed to net him $1,114,200.00 (£750,000). 

Schmitz, who was extradited from Thailand in January after a botched
attempt to flee justice, was also fined $100K Euros ($92,870) by the
court after pleading guilty to insider trading of shares in
Letsbuyit.com.

The fraud took place when the fat one's front company, Kimvestor, took 
part in a scheme to rescue Letsbyit.com from collapse. 

Schmitz, readers will recall, was the founder of YIHAT (Young 
Intelligent Hackers Against Terrorism), an 'elite' crew of IRC kiddies 
determined to use their mad skillz to track down international 
terrorist Osama bin Laden. Schmitz has also claimed to be a master 
hacker himself, in addition to being a financial wizard. 

In January, while he was on the run Schmitz posted a cryptic message 
on his site advertising plans to commit suicide - or at least his 
crossing "to a new world". 

This proved to be a publicity stunt and visitors to the site are now 
informed that Schmitz wishes to be known as "King Kimble the First - 
Ruler of the Kimpire". 

The stunt is fairly typical of Schmitz, as amply demonstrated on his
Web site [1]. He even hired a model who'd posed in Playboy to pretend
to be attracted to him as he squired a cluster of pals [2] around the
Caribbean in a rented yacht he hopes we'll think he owns.

His legend of hacking proficiency is based on a little fact
interlarded with a lot of juicy bits taken from media accounts and
movies, as this article [3] mirrored by Attrition makes painfully
clear.

[1] http://www.kimble.org
[2] http://www.kimble.org/carib2000/
[3] http://www.landfield.com/isn/mail-archive/2001/Feb/0012.html



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