Fifty-three people have been convicted and another 103 arrested in a huge US sweep for online fraud and other internet-related crimes.
The US Department of Justice operation resulted in 160 investigations for a variety of internet-related crimes, including denial-of-service attacks, computer hacking, selling counterfeit software, and phishing. In one case, the chief executive of a satellite TV equipment company is accused of having hired hackers to inflict denial-of-service attacks on his competitors.
More than 150,000 victims lost more than $215m (£119m) in the scams the DOJ and other law enforcement agencies investigated during Operation Web Snare. The operation involved the DOJ, FBI, the US Postal Inspection Service, the Federal Trade Commission, the Secret Service, and the Bureau of Immigration and Customs Enforcement .
Earlier this week the DOJ announced it raided five homes and one internet service provider in what it called the first federal enforcement action against piracy on peer-to-peer networks.
Grant Gross writes for IDG News Service