STEVE INSKEEP, host:
Now, let's go back to old-fashioned e-mail spam for today's last word in business today. The word is guilty. A man known as the Spam King has pleaded guilty to federal charges of mail fraud and wire fraud and failure to file to a tax return. He faces up to 20 years in prison.
His name is Robert Alan Soloway and prosecutors say he sent out millions and millions of junk e-mails around the world. The most serious charge he faces, by the way, is for old-fashioned mail fraud. According to the Seattle Times, federal prosecutors say Soloway defrauded clients who paid him to send out spam or who paid him for software so they could send spam on their own - to you. Mr. Soloway faces hundreds of thousands of dollars in penalties.
But maybe spamming is not so lucrative for him after all because his lawyer says his client is broke. And among the items the judge will be asked to consider for forfeiture as a penalty here are the Spam King's collections of 24 pairs of sunglasses valued at more than 3700 bucks.