[iwar] [news] 'Millionaire' German Hacker Nearly Bankrupt

From: Srijith.K (srijith@srijith.net)
Date: 2001-10-25 19:31:47


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Date: Fri, 26 Oct 2001 02:31:47 -0000
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Subject: [iwar] [news] 'Millionaire' German Hacker Nearly Bankrupt
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Source: http://www.newsbytes.com/news/01/171473.html

'Millionaire' German Hacker Nearly Bankrupt
By Brian McWilliams, Newsbytes
MUNICH, GERMANY,
24 Oct 2001, 1:46 PM CST

---(snip)----
Kim Schmitz, a self-proclaimed millionaire hacker, is on the verge of 
financial ruin, according to a report by a German financial magazine. 

Schmitz, who recently gained notoriety for organizing a group known 
as Yihat or "Young Intelligent Hackers Against Terrorism," has been 
ordered by a court to hand over his shares in an investment fund he 
founded to pay off a creditor, according to the current issue of Die 
Teleboerse. 

Banks are doubtful that the value of Schmitz's shares will cover his 
debt, said the report by Die Teleboerse, which also operates CNN.de, 
CNN's German-language news and information site serving Germany. 

---(/snip)----



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