reuters: hacker jailed for stock manipulation

From Stiens Eric <>
Date Mon, 15 Nov 1999 15:07:11 -0000

[: hacktivism :]

visions of crashing world markets orchestrated by hackers dance before my
eyes in anticipation of N30......hey, it could happen.....aim high :)
the revolution will be improvised
Hacker Jailed for Stock Manipulation 
SHANGHAI (Reuters) - A Chinese court jailed a former trust firm worker for
three years on Friday for hacking into a computerized stock trading system
and manipulating prices, a court official said. 
The Shanghai court found Zhao Zhe, 28, guilty of rigging stock data so that
he could sell shares at inflated prices, he said. 
Zhao, a former employee of the Shanghai branch of the Shijiazhuang Trust and
Investment Co, was also ordered to pay 2.94 million yuan ($355,200) in
compensation for trading losses, had illegal income confiscated and was
fined 10,000 yuan. 
``This is a rare case for China,'' said the court official. ''We don't see
hackers breaking into stock trading systems very often.'' 
The court found Zhao guilty of breaking into the computer system of the
Shanghai branch of a Hainan securities company and inflating the prices for
Shanghai Xing Ye Real Estate Co (600603.SS) and Henan Lotus Flower Gourmet
Powder Co (600186.SS). 
Prices of the two companies' domestic currency A shares rose their daily
limit of 10 percent in unusually heavy trade as a result of the price
manipulation, according to the official media. 
The Shanghai stock exchange has said prices in its computerized system were
affected by the false information and it has vowed to take steps to
strengthen computer security. 

Eric Stiens  or ICQ: 53599113  AIM: silverelf210

"The universe wants to play. Those who refuse out of dry spiritual greed &
choose pure contemplation forfeit their humanity--those who refuse out of
dull anguish, those who hesitate, lose their chance at divinity--those who
mold themselves blind masks of Ideas & thrash around seeking some proof of
their own solidity end by seeing out of dead men's eyes."


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