Federal agents arrest six hackers in cyberspace sting

Article Abstract:

The US Secret Service arrested six computer hackers in an ingenious sting operation that used cyberspace to purchase illegally obtained cellular phone numbers and equipment from the crime ring. The Secret Service began the sting by creating an anonymous bulletin board in Jan 1995. The federal agents then presented the bulletin board, called Celco 51, as a secret place were hackers, credit-card and cell-phone thieves could trade secrets, conduct business and share information. A group on the bulletin board posted information about selling stolen cell-phone numbers and cell-phone cloning equipment. A Secret Service agent, using the cyber alias 'Carder One', agreed to purchase the materials. The six defendants were tracked down by using phone numbers that they provided to the Secret Service. The thieves had stolen cell-phone numbers from large corporate accounts. The cellular telephone service industry estimates that stolen numbers account for $1 billion in fraudulent calls.

Cellular telephone services industry, Investigations, Crimes against, Industry legal issue, Smart phone, Smart phones, United States. Secret Service, Investigation

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AT&T's heir apparent jumps to a tiny firm that offers huge pay; Mandl faced a long wait for top job, saw others who left get rich fast; A $20 million signing bonus

Article Abstract:

AT&T Pres Alex J. Mandl has left the company and taken a position with Associated Communications LLC, where he will head their unit offering wireless spectrum services. Mandl was expected to become AT&T's next chairman, but he evidently decided that position would require too long a wait. Associated Communications is a Washington, DC-based private company that is employing wireless microwave communications technology. The line-of-sight technology requires the placement of rooftop antennas throughout a calling area. The technology is subject to weather-related problems, but is currently being tested in New York, Philadelphia and Washington. Mandl was paid a $20 million signing bonus and will receive a salary of $1 million per year as well as an equity stake that will eventually be the third-largest in the company. He will also receive 18% of any increases in the company's market value.

Management, Officials and employees, Telecommunications services industry, Telecommunications industry, AT&T Corp., T, Personal communications services, Company Business Management, Company Employee Status Change, Associated Communications L.L.C.

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