A 23-year old Romanian was convicted to four years and two months in jail in the United States for participating in a phishing scheme that caused losses of 150,000 dollars to various financial institutions, The Register reads.

Ovidiu-Ionut Nicola-Roman will spend his next 50 months in a federal penitentiary and then will be kept under surveillance for the following three years. Nicola-Roman is the first foreign citizen to be convicted in the US for phishing.

The attack was targeted at institutions like PayPal, Capital One, Citibank, JPMorgan Chase, Comerica Bank, LaSalle Bank, US Bank, Wells Fargo and People's Bank.