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FSU Student Admits Using
Library Computers in Stock Scam

A senior at Florida State University in Tallahassee pleaded guilty November 20 in U.S. District Court in Newark to using library computers to defraud an online investment company in New Jersey of as much as $120,000. Johnson Cuffy, 23, admitted to using false names and Social Security numbers to open accounts with Datek Online Holdings in Iselin. Cuffy, who is scheduled to graduate next spring, was arrested April 2 in Tallahassee on a sealed complaint.

“The fact that he was sitting in his university’s library using their computer to access accounts to conduct hundreds of thousands of dollars of fraudulent trades is egregious,” Assistant U.S. Attorney John Carney told the Associated Press.

Prosecutors are also charging that Cuffy opened some 45 false accounts between January 2000 and April 2001 with the intent to defraud E*Trade Securities and Charles Schwab Corporation, the Newark Star-Ledger reported November 21.

Posted November 26, 2001.

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