Business News
Malaysian gets 10-year sentence for hacking Fed, bank fraud
Nov 5, 2011, 1:02 GMT
New York - A Malaysian who hacked into the US Federal Reserve and private banks was sentenced Friday to 10 years in prison.
Lin Mun Poo pleaded guilty on April 13 to fraud in related to possession of stolen bank-card and credit-card numbers. He admitted to hacking into a computer server belonging to the Federal Reserve Bank and installing malicious software.
District Judge Dora Lirizarry handed down the sentence Friday in a federal courthouse in New York.
Poo arrived in October 2010 in the United States, where he sold stolen credit-card and bank-card numbers to a buyer who was an undercover agent in the US Secret Service.
When arrested, Poo's heavily encrypted laptop had more than 122,000 stolen card numbers, federal prosecutors said.
'Lin Mun Poo is responsible for victimizing public and private financial institutions here and around the world,' US Attorney Loretta Lynch said.
'Today's sentence sends the message to hackers around the world that the United States is no place to conduct their business.'

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