DarkMarket founder jailed for five years

The founder of a notorious underground carding forum was jailed for four years and eight months on Friday. Renukanth Subramaniam, 33, set up DarkMarket, an eBay for cybercrooks where fraudsters and crackers could buy and sell stolen bank log-ins, credit card details and skimmers. The scheme became unstuck in 2008 after the site was infiltrated by an FBI agent who posed as a criminal hacker and gained a senior role running the site under the alias MastrSplyntr in an undercover operation that ultimately led to 60 arrests worldwide including Subramaniam (aka JiLsi). Prosecutor Sandip Patel described DarkMarket as a "Facebook for fraudsters", the BBC reports. Subramaniam, a former pizza man, who ran DarkMarket from an internet cafe in north London, admitted conspiracy to defraud along with five separate mortgage fraud offences.

Source: http://www.theregister.co.uk/2010/03/01/darkmarket_founder_jailed/