America Online Hacker Sentenced to Year in Jail, Bank One Chairman Steps Down

A 19-year-old man who hacked into America Online's (AOL) computers, causing $50,000 in damages, has been sentenced to a year in jail and five years without a home PC. Meanwhile, John B. McCoy is stepping down as the head of troubled Bank One Corp., with Verne Istock taking over as acting CEO. The news comes as investors look for new opportunities, with the tech sector still booming and the January issue of Investment Quarterly set to provide insights on attractive investment sectors.

Key Takeaways:

• Jay Satiro, a 19-year-old man from New Rochelle, N.Y., was sentenced to a year in jail for hacking into AOL's computers and causing $50,000 in damages.
• Satiro was also prohibited from owning a home PC for five years as part of his sentence.
• John B. McCoy is stepping down as the head of Bank One Corp., with Verne Istock taking over as acting CEO.
• The January issue of Investment Quarterly will feature a review of the 1999 performance of stocks and mutual funds.
• Investment Quarterly can be ordered for free by current Journal-Constitution subscribers by calling 404-222-2727 by Sunday.
• Non-subscribers can purchase a copy of Investment Quarterly for $10 by calling 404-526-2610.
• The Standard & Poor's 1999 Stock Guide, which features information on over 7,000 securities, is available for $9.95 by calling 404-526-5668.

Statistics:

• $50,000: the amount of damages caused by Jay Satiro's hacking into AOL's computers.
• 1,191,865,500: the number of shares of various securities listed in the Standard & Poor's 1999 Stock Guide.

Sources:

• "America Online hacker sentenced to year in jail." Associated Press, [No date cited].
• "Chairman to step down at troubled Bank One." Associated Press, [No date cited].
• "Investment Quarterly covers tech sector." [No author cited]. Investment Quarterly, Jan. 3 issue.
• "S&P's Stock Guide due out in January." [No author cited]. [No publication date cited].