Sunday, 3 May 2015
Last updated 1 day ago
Mar 9 2011 | 10:54am ET
A Nevada high school student with hedge fund dreams didn't even wait to graduate before deploying his entrepreneurial bent. Unfortunately for Tyler Coyner, his business plan didn't pass muster with the authorities.
Coyner, 19, who graduated from Pahrump Valley High School last year—as salutatorian, no less—was arrested and charged with hacking into the school's computer system and changing grades for cash. His own grades, the ones that made him salutatorian with a 4.54 grade point average, he presumably augmented gratis.
Coyner's business allegedly had a dozen clients, who paid Coyner to use the password he had obtained to the grading system on their behalf. Two other adults, Coyner's roommate at the University of Nevada, Reno, and one other, have been charged in the case, along with 10 juveniles. All 13 arrested had their grades changed, according to police, and the investigation continues.
"We're confident that there were others who knew about it," David Boruchowitz of the Nye County Sheriff's Office told Computerworld.
According to police, Coyner jumped into other illicit ventures upon reaching college: In his dorm room were found an allegedly stolen flat-screen television and equipment for making fake driver's licenses.
The arrest throws into serious doubt Coyner's academic dreams, elucidated to the Pahrump Valley Times last year: Two years at Reno, followed by a transfer to the University of Chicago, followed by graduate school in the Ivy League, preferably Harvard University, or, failing that, Stanford University. None of those institutions are known to look kindly upon convictions for conspiracy, theft and computer intrusion.
As for Coyner's final ambition, "He wants to eventually become the manager of a hedge fund"? Stay tuned.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…