itwbennett writes "Notorious spam king Sanford Wallace is facing federal fraud charges for allegedly breaking into the Facebook accounts of 500,000 victims in 2008 and 2009 and using the stolen credentials to post 27 million spam messages. The charges are outlined in an indictment, filed July 6 but made public Thursday after Wallace turned himself in to federal authorities. If convicted, Wallace could get more than 16 years in prison."
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