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Strategies & Market Trends : Asia Forum

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To: Liatris Spicata who wrote (7766)12/28/1998 9:17:00 PM
From: George Papadopoulos  Read Replies (2) of 9980
 
I guess these guys would never get to be Keating...

Interesting approach nevertheless

China Sentences Hackers To Death For Bank Theft

SHANGHAI (Reuters) - Two hackers who broke into a bank computer network and stole 260,000 yuan ($31,400) have been sentenced to death by a court in
eastern China, the official Wenhui Daily said today.

The Yangzhou Intermediate Court in Jiangsu province also confiscated 40,000 yuan from Hao Jinglong, formerly an accountant at the Zhenjiang branch of the
Industrial and Commercial Bank of China, and his brother Hao Jingwen, the newspaper said.

The two opened 16 accounts under various names in a branch of the bank in September and later broke into the branch to install a controlling device in a bank
computer terminal, the newspaper said.

They used the device to electronically wire 720,000 yuan in non-existent deposits into the bank accounts. Afterwards, they successfully withdrew 260,000 yuan from
eight different branches of the bank, the newspaper said.

All the money had since been recovered, the newspaper said, without giving further details.
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