C# 411 Crazy Stuff! Lookout Below!
Two software company executives resigned and were charged with grossly overstating their company’s revenue to attract $50 million in private investment. Co-founders Paul Thomas Johnston, CEO of Entellium Corp., and CFO Parrish L. Jones resigned September 30 and were charged with one count of wire fraud in U.S. District Court. Wire fraud is punishable by a maximum 20 years in prison and $250,000 fine.
A disgruntled computer engineer working for the City of San Francisco apparently seized control of a new multimillion-dollar computer system. Police arrested Terry Childs, 43, on four charges of computer tampering. Authorities say Childs hacked the city’s new FiberWAN (Wide Area Network), which stores official emails, payroll records, confidential law enforcement documents, and jail bookings. Childs locked the entire system and created a password that gives him exclusive access.
