4th Defendant Convicted Of Defrauding EA Of Over $16M In Virtual Currency

Discussion in 'HardForum Tech News' started by HardOCP News, Nov 17, 2016.

  1. HardOCP News

    HardOCP News [H] News

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    Maybe these guys can argue at sentencing that, since they stole virtual currency, they should be sent to virtual jail. Or maybe they can pay back the $16 million in FIFA coins. :D

    Clark and his co-conspirators circumvented multiple security mechanisms created by EA in order to fraudulently obtain FIFA coins worth over $16 million. Specifically, Clark and his co-conspirators created software that fraudulently logged thousands of FIFA Football matches within a matter of seconds, and as a result, EA computers credited Clark and his co-conspirators with improperly earned FIFA coins. Clark and his co-conspirators subsequently exchanged their FIFA coins on the secondary market for over $16 million.
     
  2. Gigus Fire

    Gigus Fire 2[H]4U

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    Sounds like EA screwed up and should have capitalized on selling fifa coins directly.
    This is kind of a stretch to me being fraud. The virtual money is worthless.
     
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  3. ruffbytes

    ruffbytes Limp Gawd

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    ... it's actually worth whatever someone else would pay for it. In this case, these guys stole $16 million worth.

    *I* cannot believe FIFA coins could conceivably be worth $16 million. It's crazy to me how much value is placed on these virtual items that are, to most people, useless. ;)
     
  4. EODetroit

    EODetroit [H]ard|Gawd

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    Maybe they should have to work it off with $16M of more fake matches, giving the proceeds back to EA. :D
     
  5. Kaitian

    Kaitian [H]ardness Supreme

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    [​IMG]

    I still don't get how it's fraud. The secondary market isn't even controlled by EA it sounds like. So the loser is whoever controlled that secondary market?
     
  6. umeng2002

    umeng2002 Gawd

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    What a load of shat that ruling is. I hope they take this to the Supreme Court.

    FIFA coins aren't a currency. They're an infinite quantity of a made up object. If anything, the idiots who bought them should sue the "hackers."

    The scary thing is now this ruling means cheating a game or "hacking" a game is legally defrauding a company.

    Unless EA sells the FIFA coins to consumers, I don't know who the defendants defrauded EA.
     
  7. viscountalpha

    viscountalpha 2[H]4U

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    They were caught doing wire fraud not piracy. However i'm sure EA wasn't pleased that they missed out on all that money. I still blame EA for this one. They could have been selling coins the entire time.
     
  8. Burticus

    Burticus 2[H]4U

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    Hmmm... What? I'm wondering who they sold 16 mil worth of useless online currency to.