Wednesday, July 1, 2009

'Iceman' pleads guilty to massive computer hacking


Computerworld - Max Ray Butler, a former security analyst turned hacker, yesterday pleaded guilty in federal court in Pittsburgh to breaking into numerous financial institutions and card-processing networks and stealing credit card and identity data on hundreds of thousands of individuals.

The guilty plea came after Butler had requested nearly a dozen extensions for time to file pre-trial motions after his arrest in September 2007 on three counts of wire fraud and two counts of transferring stolen identity information. The charges carry a maximum of 40 years in prison and a $1.5 million fine. It's possible that Butler will receive a substantially lighter sentence by agreeing to plead guilty.

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