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FBI Databases Used for Stock Fraud

Posted by michael on from the at-least-they're-good-for-something dept.

Phronesis writes "The Associated Press reports that two FBI agents have been indicted for conspiring with the owner of InsideTruth.com to short stocks and then leak information from the FBI's internal databases (e.g., unpleasant personal information about corporate officers). They also allegedly blackmailed companies with the threat of revealing such information. This case illustrates the failure of law enforcement agencies to implement adequate protection against the abuse of information they collect."

3 of 137 comments (clear)

  1. How should privacy violators be punished? by Tsar · · Score: 3, Funny

    Here's my suggestion: Have the FBI, or even some more reputable organization, run a full-bore background check on them, followed by total surveillance for some period of time from 30 days to life, depending on the seriousness of the violation.

    Then post the results, complete with photos and video clips, on a website for the duration of the sentence.

    I see that privacyviolators.com is available, as is publicstockade.com.

  2. Stock Fraud... by Mike+Connell · · Score: 3, Funny

    Stock Fraud

    Glad to see the FBI is doing something useful :-)

    --
    Tales from behind the Lagom Curtain
  3. Re:Remember John Hanssen... by Saxerman · · Score: 1, Funny

    Err... this IS Slashdot. Obviously NO ONE is correcting spelling around here.

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    A steaming cup of soykaf would be real wiz right now.