AernaLingus [any]

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Joined 3 years ago
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Cake day: May 6th, 2022

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  • From 2008 to 2011, Li made CRACK99 a reliable black-market marketplace, one that netted an estimated $100 million in sales. His inventory, investigators later said, was valued at over $1 billion.

    Since it’s not clear from this write-up, those eye-popping figures (the ones concocted by the Department of Justice) are derived from the prices that the licenses were being sold for by the original companies, so it’s not $100 million in sales but $100 million in “value” (the idea of calculating a $1 billion valuation for the digital “inventory” is even more ridiculous). If you look on the actual crack99 website, you’ll see that most of the cracked software was being sold for anywhere from twenty bucks to maybe a few hundred dollars—this guy was not making millions from this. The government’s sentencing memorandum has the details; this includes the absurd figure of $3,812,241.57 for a single software license of some CAD software called “Catia VR520”, which Li sold to at least one other customer for the princely sum of $100.