FINANCE

Florida Man Pleads Guilty in Retail Data Breach

BY CSA STAFF

Boston Damon Patrick Toey, 23, of Miami, pleaded guilty Thursday in U.S. District Court to charges including credit-card fraud, wire fraud and identity theft, according to the Associated Press.

He was one of 11 people indicted last month and accused of hacking nine major retailers, including TJX Cos., to steal and sell more than 41 million credit- and debit-card numbers.

The alleged leader of the group, Albert Gonzalez, a former Secret Service informant, pleaded not guilty to similar charges during his initial appearance in Boston on Thursday. Prosecutors say Toey helped Gonzalez hack into the computer security of Miami-area retailers.

According to a plea agreement filed in court Thursday, Toey has agreed to cooperate with prosecutors and possibly testify against other members of the ring. The agreement says if Toey provides substantial assistance in the investigation, prosecutors can ask the judge to sentence him to a term shorter than federal guidelines would dictate.

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Report: Amazon to sell wine

BY CSA STAFF

SEATTLE Amazon.com, which now sells everything from electronics to furniture, will soon add wine to its list of available items. According to reports, customers will be able to purchase wine through Amazon.com as early as this month thanks to a partnership between the retailer and the Napa Valley Vintners Association.

The Napa Valley Vintners Association represents 315 vintners in the Napa Valley, it is not yet know if each winery will have its on storefront online, or if they would all operate under a single store.

In 1999, Amazon invested $30 million in Wineshopper.com in 1999. In 2000, the company was bought by Wine.com, which operates a storefront Amazon that sells gourmet food but not wine.

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Cost Plus names Stevens to board

BY CSA STAFF

OAKLAND, Calif. Cost Plus announced that Kenneth Stevens has been appointed by its board of directors, effective immediately, to serve as an independent outside director until the next annual meeting of shareholders. Stevens most recently served as president, coo and secretary of tween Brands and was a member of the board of directors.

Prior to joining Tween Brands in 2007, Stevens served in various executive positions at Limited Brands and some of its subsidiaries from 2002 to 2006, including ceo of Express and president and coo of Bath & Body Works. He also served as chairman and ceo of the Bank One Retail Group from 1996 to 2001.

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