Kimble/Schmitz gets 20 months suspended sentence
Source: The Register
German glam-hax0r Kim Schmitz (aka Kimble) has received a 20 month suspended sentence from a Munich court after being convicted of stock price manipulation designed to net him €1.2m (£750,000).
Schmitz, who was extradited from Thailand in January after a botched attempt to flee justice, was also fined €100,000 by the court after pleading guilty to insider trading of shares in Letsbuyit.com.
The fraud took place when the fat one's front company, Kimvestor, took part in a scheme to rescue Letsbyit.com from collapse.
Schmitz, readers will recall, was the founder of YIHAT (Young Intelligent Hackers Against Terrorism), an 'elite' crew of IRC kiddies determined to use their mad skillz to track down international terrorist Osama bin Laden. Schmitz has also claimed to be a master hacker himself, in addition to being a financial wizard.
