Friday, September 24, 2021
63 F
Fort Worth

Texas website founder who sold site for $51M nabbed on fraud count

🕐 1 min read

NEW YORK (AP) — A Texas man has been arrested on charges he stole customer information from a networking services company in the oil and gas industry that he once sold for $51 million.

David W. Kent was charged with computer hacking and wire fraud in Manhattan federal court. The Spring, Texas man was arrested Wednesday in Texas. He was awaiting a court appearance. His lawyer did not immediately return a request for comment.

Authorities said Kent started a new company after selling his 10-year-old networking services company in 2010 for $51 million.

Diego Rodriquez, head of the FBI’s New York office, said he illegally accessed data from his former business to help benefit a competing business he formed after the sale.

Authorities say he stole information from over 700,000 customer accounts.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate