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Title: Zynga swindler Post by: TightEnd on February 02, 2011, 03:12:45 PM A computer hacker from the UK has admitted stealing $12 milion worth of poker chips from social gaming site Zynga. Ashley Mitchell of Paignton transferred 400 billion virtual chips into his account and sold them on the black market at a rate of £430 per billion – which meant he stood to make around £184,000, having already made £53,000 when he was arrested.
Judge Wassell said he faced a substantial jail term for these offenses. This is a rare case in the UK courts whereby virtual goods have been treated with the same legal regulation and protection of real goods. Prosectutor Gareth Evans said that Zynga had not been deprived of goods in the same way as normal fraud because they could always issue more, but there was a knock on effect for the company if they lost legitimate gamers. He argued that in theory, it was no different to stealing notes from the Royal Mint. Mitchell already has a suspended sentence from 2008 when he was convicted of hacking into the Torbay Council website and altering his personal details. He now awaits sentencing. Plymouth Herald, Cardplayer, UK Poker News Title: Re: Zynga swindler Post by: rex008 on February 02, 2011, 03:36:12 PM A computer hacker from the UK has admitted stealing $12 milion worth of poker chips from social gaming site Zynga. Ashley Mitchell of Paignton transferred 400 billion virtual chips into his account and sold them on the black market at a rate of £430 per billion – which meant he stood to make around £184,000, having already made £53,000 when he was arrested. I think the Plymouth Herald needs a maths lesson. Out of those 4 numbers, at least 2 must be wrong, Shirley? Title: Re: Zynga swindler Post by: Bongo on February 02, 2011, 03:38:07 PM Maybe Zynga would sell them for $12million, giving the first figure and the black market rate is lower giving the later figures.
Title: Re: Zynga swindler Post by: bhoywonder on February 02, 2011, 06:39:03 PM Brilliant..in jail for playmoney
Who pays real money for play money? Who does that?...why?... Title: Re: Zynga swindler Post by: Karabiner on February 02, 2011, 10:23:39 PM Brilliant..in jail for playmoney Who pays real money for play money? Who does that?...why?... Maybe it can be used to bet on virtual horse-racing.. Title: Re: Zynga swindler Post by: I KNOW IT on February 02, 2011, 10:29:57 PM Brilliant..in jail for playmoney Who pays real money for play money? Who does that?...why?... Zynga poker is very big in India where online sites are illegal , I know of someone who has made a successful business out of selling play chips there. Unreal I know :dontask: Title: Re: Zynga swindler Post by: Ironside on February 02, 2011, 11:48:32 PM they used to sell stars play money chips on ebay
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