RealNews

An Internet Shakedown?; Trial Begins For Man Accused of Trying to Extort Bloomberg

The trial of a Kazakhstan man charged with hacking into Bloomberg L.P. computers opened yesterday with prosecutors painting Michael Bloomberg as a do-gooder who stood up to an extortionist. Meanwhile, the defense claimed their client was an “entrepreneur” who was merely seeking payment for trying to show Bloomberg the flaws in his computer-information system. Assistant Manhattan U.S. Attorney Robert Strang charged that Oleg Zezev, 29, is a mercenary hacker who used a Bloomberg financial computer at his Kazakhstan securities office to break into the Bloomberg company’s computer database in March 2000. Before he was elected in 2001, Bloomberg was chief executive of Bloomberg L.P., based in Manhattan. It has more than 143,000 subscribers who lease the firm’s computers and software to gain access to its information network. Full Story

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