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For Stealing Files From  Ubiquiti Nickolas Sharp Got SDNY Plea Deal Now Six Years

By Matthew Russell Lee, Patreon Jan 27 vlog

SDNY COURTHOUSE, May 10 - Nickolas Sharp was charged with a scheme  to secretly steal  gigabytes of confidential files from a public New York-based technology company where he was employed, as the prosecutors put it.  It's  Ubiquiti.

 On February 2, 2023 he came to plead guilty before U.S. District Court for the Southern District of New York Judge Katherine Polk Failla. Inner City Press went and covered it.  

Sharp was allowed to plead guilty to counts 1, 3 and 4.  Count 2, Transmission of interstate communications with intend to extort, went away.  

The prosecutors said that "while purportedly working to remediate the security breach for Company-1, SHARP extorted the company for nearly $2 million for the return of the files and the identification of a remaining purported vulnerability.  Sharp subsequently re-victimized his employer by causing the publication of misleading news articles about the company’s handling of the breach that he perpetrated, which were followed by the loss of over $4 billion in Company-1’s market capitalization."   

His plea deal has a stipulated guidelines range of 97 to 121 months. 

  Judge Failla accepted his plea and set May 10 at 3 pm for his sentencing.

And it was held at that time, which is not always the case. Sharp said, in essence, that he had been trying to fix what was wrong with the company. So much for acceptance of responsibility. Still, he got six years.

The case is US v. Sharp, 21-cr-714 (Failla)



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