Feeds

YIHAT founder Kimble/Schmitz arrested

How ever will we catch bin Laden without him?

  • alert
  • submit to reddit

The essential guide to IT transformation

In the movies, whenever a protagonist gets away with a big heist, we invariably see him passing safely through customs in the Caribbean or southeast Asia as the credits begin to roll.

Perhaps this hackneyed Hollywood device was on Kim Schmitz's mind when he chose Thailand as his hideout from German authorities curious about his KimVestor Ponzi scheme.

Yesterday, Thai police arrested Schmitz in Bangkok, acting on a German warrant charging him with securities fraud, Der Spiegel reports.

Schmitz is accused of using insider knowledge to buy shares worth approximately $375,000 and quickly turn them around for $1.5 million.

We may remember Schmitz, aka Kimble, as the founder of YIHAT (Young Intelligent Hackers Against Terrorism), an elite crew of IRC kiddies determined to use their mad skillz to track down international terrorist Osama bin Laden. Schmitz has also claimed to be a master hacker himself, in addition to being a financial wizard.

US Defence Secretary Donald Rumsfeld has thus far neglected to return our phone inquiry asking if the hunt for bin Laden will now have to be called off. ®

Related stories

bin Laden hackers denounce founder
bin Laden hack-meister in defacement, financial debacles
Tables turns on Bin Laden 'bank crackers'
We've cracked into bin Laden's bank - UK hackers
Kimble.org offers $10m reward for arrest of bin Laden

Next gen security for virtualised datacentres

More from The Register

next story
Rupert Murdoch says Google is worse than the NSA
Mr Burns vs. The Chocolate Factory, round three!
e-Borders fiasco: Brits stung for £224m after US IT giant sues UK govt
Defeat to Raytheon branded 'catastrophic result'
Germany 'accidentally' snooped on John Kerry and Hillary Clinton
Dragnet surveillance picks up EVERYTHING, USA, m'kay?
Snowden on NSA's MonsterMind TERROR: It may trigger cyberwar
Plus: Syria's internet going down? That was a US cock-up
Who needs hackers? 'Password1' opens a third of all biz doors
GPU-powered pen test yields more bad news about defences and passwords
Think crypto hides you from spooks on Facebook? THINK AGAIN
Traffic fingerprints reveal all, say boffins
Microsoft cries UNINSTALL in the wake of Blue Screens of Death™
Cache crash causes contained choloric calamity
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Build a business case: developing custom apps
Learn how to maximize the value of custom applications by accelerating and simplifying their development.
Rethinking backup and recovery in the modern data center
Combining intelligence, operational analytics, and automation to enable efficient, data-driven IT organizations using the HP ABR approach.
Next gen security for virtualised datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.