Romanian phisher pleads guilty to nicking $700,000

Newswire reports suggest that a 22-year-old Romanian has pleaded guilty to stealing $700,000 from more than 7,000 Netters, after sending out vast quantities of phishing emails claiming to come from financial institutions including PayPal and Citibank.

The US case could end up with Sergiu Popa going down for up to ten years and landing a fine of up to $500,000.

Popa, who was extradited to the USA from Spain in June, led punters to a number of bogus Web sites and then tricked them into revealing their card PIN codes, names, addresses, bank account and credit card numbers, and social security information.

Commenting on the case, Graham Cluley, Sophos' senior technology consultant (fx: curtsies in the presence of IT security royalty -Ed) said that the authorities have done a great job in pursuing this case and forcing Popa to face his day in court.

"Sadly though, there are still plenty of other criminals taking advantage of innocent internet users and stealing identities from the unwary," he said...