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A Plano, TX, man is awaiting sentencing after a guilty verdict in federal court for conspiring to hack into the computer networks of his former employer.

Between 2002 and 2004, Michael Musacchio, 61, was the president of a third-party logistics company called Exel Transportation Services, according to the U.S. Department of Justice.

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In 2004, Musacchio left the company and founded a competing firm called Total Transportation Services.

Between 2004 and 2006, Musacchio and two other Exel employees that joined him at Total Transportation hacked into the email accounts of their former employer in an effort to obtain proprietary business information which they used for their own benefit.

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Musacchio, found guilty of one felony count of conspiracy to make unauthorized access to a protected computer and two substantive felony counts of hacking, will undergo sentencing June 14.

His accomplices, Joseph Roy Brown and John Michael Kelly, who have already pleaded guilty to the charges brought against them, also face sentencing.

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