8 years in prison for crimes

A former UBS system administrator, PaineWebber, was sentenced to eight years in prison for deliberately activating a " logic bomb " program within the computer network, causing millions of dollars in losses.

In addition, the amount of compensation that Roger Duronia, 64 years old, must pay to UBS also reached $ 3.1 million.

According to the prosecutor, this is a verdict " right person for the right person ", because Duronia tried to find a way to hurt the old company with a revenge motive, but at the same time to profit for himself. " However, he failed in both purposes ."

(Photo: Webpronews.com)

UBS is a securities company, so Duronio's behavior is committed to fraudulent securities fraud and computer fraud. In court, prosecutors gave evidence that Duronia was angry with UBS, where he had worked for nearly two years for receiving lower-than-expected bonuses ($ 32,500 instead of $ 50,000).

Believing that after implanting bombs knocked down UBS's computer system, the stock would drop, Duronio also invested in the stock market in the spirit of "overflowing with water ". But in the end his plot failed because UBS stock prices did not drop.

Duronio implanted logic bombs with about 1000 of the total number of 1500 UBS networked computers at branch offices across the United States. After that, he applied for resignation on February 22, 2002.

On that day, Duronio went to meet a stock trader. Here, he bought "the right to sell " UBS shares. This " right " allows buyers to have the right to sell stocks at a predetermined price, so the lower the stock price in the market, the higher the profit.

Duronio carried out his last trading session on March 1, 2002 and three days later, a chain of logic bombs exploded, erasing files in 1000 computers.

Trong Cam