Man convicted for role in phishing racket

A jury in New Jersey has found a Georgia man guilty for his role in a fraud ring that cost financial companies some $1.5 million. Osarhieme Obaygbona, 32, of Atlanta, was convicted of conspiracy to commit wire fraud, identity theft, and unauthorized access to protected computers, prosecutors said last week. Obaygbona took part in a phishing scam that stole sensitive information, including names, dates of birth, Social Security numbers and financial information from victims, which then were used to impersonate the targeted and make fraudulent transactions. He will be sentenced on Oct. 17. He faces up to 50 years in prison and $1 million in fines.