Thank you for sharing!

Your article was successfully shared with the contacts you provided.
A 39-year-old Florida man was arrested Aug. 22 on charges that he attempted to extort more than $1 million from a company that makes computer-aided design software by threatening to post on the Web numerical “keys” that would enable anyone to use the software without first paying for it. Michael Pitelis of Tarpon Springs, Fla., allegedly sent e-mail messages earlier this month to executives at Waltham, Mass.-based Parametric Technology requesting the money and insinuating that someone inside the company was involved. Parametric’s Pro/Engineer product sells for $5,000 to millions of dollars, depending on how many modules are licensed, according to spokeswoman Roberta Carleton. FBI agents were able to trace the e-mail messages to a public library computer, which agents say they found Pitelis using. If convicted, he faces 20 years in prison and a $250,000 fine. Pitelis, who did not return a phone call requesting comment, is a consultant specializing in training and support of Parametric’s Pro/Engineer software, according to his Web site. There have been two other notable online extortion attempts this year. In January, someone illegally obtained 350,000 credit card numbers from CD Universe’s Web site and then threatened to post them online unless he was paid $100,000. Authorities eventually shut down the Web site used to expose the numbers. In May, a Colorado State University graduate student was charged with attempting to extort money from audio content company Audible.com when he allegedly threatened to leak to the media information about a security hole in the company’s system that would allow people to get content without paying. He was arrested after he provided his address to Audible.com so that the company could ship him the thousands of dollars in cash and a new Volvo he demanded in exchange for keeping the security hole information to himself. Related articles from The Industry Standard A Bumper Crop of Break-Ins Blackmail for Dummies Much Ado About Stolen Credit Cards Copyright (c)2000 The Industry Standard

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Advance® Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]


ALM Legal Publication Newsletters

Sign Up Today and Never Miss Another Story.

As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.