Home > hackers > Latvian hacker tweets hard on banking whistle – Fat cat pay leaked all over the Baltics

Latvian hacker tweets hard on banking whistle – Fat cat pay leaked all over the Baltics

from theregister.co.uk:

2/26/2010 11:14 GMT
by John Leyden

Latvian hacker tweets hard on banking whistle – Fat cat pay leaked all over the Baltics

A hacker has become a popular hero in the Baltics, and scourge to the authorities, by leaking information on the finances of banks and state-run firms to Latvian TV.

The whistle-blowing cracker, who calls himself Neo in an apparent Matrix tribute, is feeding embarrassing information such as the pay of managers who work for a Latvian bank that received a credit crunch bail-out to the media via Twitter.

The information reveals that bankers failed to take promised salary cuts after their banks were forced to take a state hand-out to stay afloat. Other juicy titbits involve undisclosed bonuses to senior staff at supposedly near-destitute state-owned firms.

Senior government officials are reportedly earning 2,000 lats ($4,000) a month or more while the salary of teachers has been slashed by one-third to $600 a month as part of an unpopular austerity package, AP reports.

The chief exec of Riga’s heating company, Aris Zigurs, received a 16,000 lat ($32,000) bonus last year, Neo has also revealed.

Neo’s stated motive is to expose waste and graft, a mission that has gone down a storm with the public in the economically-troubled country where unemployment is running at 23 per cent. – More here.

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  1. March 18, 2010 at 11:29 AM

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