Dan Goodin reports:
A former London pizza delivery man faces a 10-year prison sentence after admitting he helped found the notorious DarkMarket forum for computer crime, several news sites reported.
Renukanth Subramaniam, a 33-year-old Sri Lanka-born man from North London, pleaded guilty at Blackfriars Crown Court in London to conspiracy to defraud and furnishing false information. Authorities say he joined DarkMarket on its first day of operation in late 2005 and helped build it into an online resource for payment card fraud, with a thriving exchange for buying and selling stolen data and its own secure payment system.
DarkMarket operated for three years and had about 2,500 members at its peak. To be accepted, candidates had to provide details of 100 compromised cards to reviewers, who would then verify their validity. Members were required to adhere to a strict code of conduct that forbid foul language and pornography and demanded a kind of honor among thieves.
Read more in The Register.
The Guardian and PC World also provide coverage.