Malaysia Resident Sentenced to Two Years in Prison for Role in International Online Brokerage Scheme
WASHINGTON – A resident of Malaysia was sentenced today to two years in prison on a conspiracy charge that arose from an international fraud scheme to "hack" into online brokerage accounts in the United States and use those accounts to manipulate stock prices, announced Acting Assistant Attorney General of the Criminal Division Matthew Friedrich and U.S. Attorney for the District of Nebraska Joe W. Stecher.
Thirugnanam Ramanathan, 35, a native of Chennai, India, and legal resident of Malaysia, was also sentenced today by U.S. District Judge Laurie Smith Camp to pay restitution of $362,247 and serve three years of supervised release. Ramanathan previously pleaded guilty on June 2, 2008, to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft before Judge Smith Camp in Omaha, Neb. Following his arrest in Hong Kong, Ramanathan was extradited on May 25, 2007, to the United States. More...
Thirugnanam Ramanathan, 35, a native of Chennai, India, and legal resident of Malaysia, was also sentenced today by U.S. District Judge Laurie Smith Camp to pay restitution of $362,247 and serve three years of supervised release. Ramanathan previously pleaded guilty on June 2, 2008, to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft before Judge Smith Camp in Omaha, Neb. Following his arrest in Hong Kong, Ramanathan was extradited on May 25, 2007, to the United States. More...
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