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To: brad greene who wrote (11824)1/2/1999 7:59:00 PM
From: brad greene  Read Replies (1) | Respond to of 26039
 
All IDX,

Banking problems in China?....Hmmmmm....

China sentences hackers to death for bank theft
December 28, 1998
Web posted at: 3:09 AM EST (0809 GMT)

SHANGHAI, China (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 on Monday.
The Yangzhou Intermediate Court in Jiangsu province also conficated 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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