The feds have dethroned another "spam king," who, like the ones before him, will spend a little bit of time behind bars. Alan Ralsky, 63, pleaded guilty to commit wire fraud, mail fraud, and to violating the federal CAN-SPAM Act.

What landed Ralsky in hot water was allegedly sending out unsolicited email to jack up the price of penny stock in Chinese companies to artificially high prices, and then selling it. Ralksy's Internet stock scheme netted him $2.7 million, as well as the attention of the feds and ultimately a 4-year prison sentence.

"With today's sentence of the self-proclaimed 'Godfather of Spam,' Alan Ralsky, and three others who played central roles in a complicated stock spam pump and dump scheme, the court has made it clear that advancing fraud through abuse of the Internet will lead to several years in prison," said U.S. Attorney Terrence Berg. "I commend the FBI, the Postal Inspection Service, and the IRS Criminal Investigative Division for their determined and careful investigation in this case which led to today's result."

Ralsky, who pleaded guilty back in June of this year, may have gotten off a little light, as he faced up to 7 years in prison.

It's been a wild and crazy six year run for the The Pirate Bay, the world's most popular torrent tracking site, but by all accounts, it looks as though TPB's founders are finally ready to quit sailing through legal waters and have decided to bring the torrent tracker to port.

"Now that the decentralized system for finding peers is so well developed, TPB has decided that there is no need to run a tracker anymore, so it will remain down! It's the end of an era, but the era is no longer up2date. We have put a server in a museum already, and now the tracking can be put there as well," the ever-defiant Pirate Bay bandits wrote in a blog entry.

At its peak, TPB helped coordinate the downloads of more than 25 million peers, but it's no secret that many of those were illicit downloads for everything from pirated movies and television shows, to cracked videogames and closed-source operating systems, particularly Windows. Earlier this year, TPB's legal troubles culminated in a high profile court case in which a Swedish judge ultimately sentenced the torrent tracking site's four founders to a year in jail and ordered them to pay 30 million krono ($3.6 million) to a handful of entertainment companies.

Hit the jump to find out what TPB's founders are up to next.

Ten years ago, the phrase "Where's my pancakes" wouldn't be nearly enough to get a robbery suspect off the hook. Even 6 years ago it wouldn't have worked. But that's only because Facebook was no where to be see. What are we talking about?

Rodney Bradford, a 19-year-old resident of the Farragut Houses, was arrested on October 18th for a robbery that took place the day before. His alibi? A status update on Facebook on October 17, at 11:49AM, from a computer in his father's apartment in Harlem, asking about his pancakes.

"This is the first case that I'm aware of in which a Facebook update has been used as alibi evidence," said John Browning, a lawyer and member of the Dallas Bar Association who studies social networking and the law. "We are going to see more of that because of how prevalent social networking has become."

The charges against Bradford where dropped when Facebook verified that the update, which occurred during the time of the robbery, originated from his dad's PC. Of course, this begs the question of how anyone can be sure that it was Bradford who typed the message, and not someone else.

"This implies a level of criminal genius that you would not expect from a young boy like this; he is not Dr. Evil," said defense lawyer Robert Reuland, adding that the Facebook entry was just "icing on the cake" since Bradford had other alibis.

But what about in other cases? With Facebook for the first time being used as an alibi, we wouldn't be surprised to see this type of defense being employed more often, including by those who really are guilty.

Where do you see this headed? Hit the jump and sound off!