Hong Kong businessman guilty of spam to influence stocks
Date: January 09, 2009Source: networkworld.com
John Hui How Wai, a resident of Hong Kong and Vancouver, was the chief executive officer of China World Trade, one of the companies whose stock was inflated as a result of the scam. As part of his plea agreement with prosecutors, the 50-year-old businessman could face a sentence of between 63 and 78 months in jail.
As in many cases of cyber crime that the world encounters today, Hui was not working alone, said experts at Sophos, a UK-based information technology security and control firm,.
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