A California man has pleaded guilty to opening tens of thousands of bogus online brokerage accounts and then pocketing tiny test deposits made by companies like E-Trade Financial and Charles Schwab.

Michael Largent, 23, of Plumas Lake, Calif. pleaded guilty Thursday to computer fraud charges in connection with the scam, which ran between November 2007 and May 2008.

Largent's arrest was widely covered on the Internet last May, where it was likened to so-called Salami Slicing scams depicted in movies such as Superman III and Office Spaces.

According to prosecutors, Largent wrote a script that opened more than 58,000 online accounts at instructions such as E-trade and Schwab. He used fake names, including cartoon monikers such as Hank Hill and Rusty Shackelford to open these accounts and then profited when the brokerage firms would make tiny test deposits to make sure they were linked to his account.

Typically these deposits were between $0.01 and $2 but they added up. In total he made or tried to make more than $50,000 in the scam, the Department of Justice said.

Largent is also alleged to have received more than $8,000 in micro-deposits from Google, although he was not charged with this in his May 22 indictment.

He is set to be sentenced on Aug. 13 and faces up to five years in federal prison on two computer fraud charges, a U.S. department of Justice spokeswoman said Thursday.

In its first ruling on broadcast indecency standards in more than 30 years, the high court handed a victory to the Federal Communications Commission, which adopted the crackdown against the one-time use of profanity on live television when children are likely to be watching.

Richard Monroe Jr. claims the rapper, whose real name is Calvin Broadus, hit him with a brass-knuckle microphone after he jumped onstage and put his hand on the performer's shoulder.

Broadus sat a few feet away as Monroe described waking up naked, robbed, and in a pool of blood after the beatdown by other performers and the rapper's security detail. A videotape of the incident that occurred at the White River Amphitheater near Seattle was also shown to jurors Friday.

Broadus' attorneys said the video doesn't show the blow to the back of the head that Monroe claims the rapper delivered, nor evidence that the rapper should be forced to pay any damages.

They told jurors during the trial's opening moments Friday that Broadus' security guards had mere seconds to react when Monroe — who stands 6-feet-3 inches tall and weighs nearly 300 pounds — came on stage unexpectedly.