Former Shipping Exec Lands 5-Year Sentence For Hacking

By Jess Krochtengel (September 5, 2013, 8:15 PM EDT) -- A Texas federal judge on Thursday sentenced the former CEO of a transportation company to 63 months in jail, after a jury convicted him on three criminal counts related to an email and computer hacking scheme as he launched a competing business.

U.S. District Court Judge Jorge A. Solis is expected to make a decision about how much restitution former executive Michael Musacchio owes in the next 45 days. Musacchio, the former president of Exel Transportation Services Inc., allegedly used his contacts at Exel to obtain confidential financial plans and access private emails that he used to plan and launch a...

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