Ex-Security Pro Admits Running Huge Botnet
A former security researcher admitted to hijacking a quarter of a million PCs, using spyware to steal bank and PayPal account information, and making money by installing adware on the massive botnet. John Schiefer, 26, of Los Angles agreed Friday to plead guilty to four felony counts, including accessing protected computers, disclosing illegally intercepted electronic communications, wire fraud and bank fraud. He faces a total of 60 years in prison and fines of $1.75 million for his part in building and then using the botnet. Several others, named only by their online monikers, were listed as accomplices.