SUMMARY
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Sanford Wallace, known as Facebook’s Spam King after having sent 27 million unsolicited messages in 2008 and 2009, admitted to his spamming spree and pleaded guilty on Monday, August 24, to fraud and criminal contempt. Bloomberg reports Wallace, who had been under indictment since 2011, compromised around 500,000 real Facebook accounts through phishing spam messages.
Read the full story on Rappler.
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