The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Tech Guy Bites the Fund Hand That Fired Him Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, November 12, 2008

Tech Guy Bites the Fund Hand That Fired Him

Reported by Neil Anderson, Managing Editor

It sounds like something straight out of Hollywood or a fund executive's nightmare. The Wall Street Journal and the Star Ledger both report that, after New York-based Third Avenue Management laid off about 14 employees last week, one of them (a Russian programmer named Viktor Savtyrev) threatened to hire hackers from Belarus to help him attack Third Avenue's network.

"My comrades for a small fee are able to help me out with bridging the firewall security and carry out data destruction and virus outbreak," Savtyrev allegedly emailed to the company.

Savytrev even allegedly threatened to tell the media after he'd hacked Third Avenue's network.

The former systems administrator's lawyer, Robert G. Stahl, described the actions as "an idle threat", but Third Avenue doesn't see it that way. Savtyrev appeared in federal court Monday before Magistrate Judge Patty Shwartz, charged with two counts of extortion. (If convicted, he could be sentenced to up to a decade in prison and face up to a half million dollar fine.) 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use