Facebook spammer turns himself in. Like!

This is the guy who allegedly hacked into 500,000 Facebook accounts. Sanford Wallace surrendered to the FBI in California. He developed a program that circumvented Facebook spam and privacy filters. The program would post messages on users' walls that appeared to be from their friends. The messages urge the user to visit a particular website and once there, the data harvesting begins. Classic phishing scam, of course, but likely a much higher rate of return given that the message appears to originate from a trusted source. Wallace faces up to 10 years in jail but he posted bail with money he stole from people.

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John Moe is the host of Marketplace Tech Report, where he provides an insightful overview of the latest tech news.

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