updated 3/15/2008 1:16:38 AM ET 2008-03-15T05:16:38

A man once described as one of the world's top e-mail spammers pleaded guilty Friday to federal charges of mail fraud, wire fraud and failure to file a tax return.

Robert Alan Soloway, 29, was dubbed "the spam king" by prosecutors who said he used networks of compromised computers to send out millions upon millions of junk e-mails since 2003.

He was arrested last summer and charged in a 40-count indictment. He agreed to plead guilty to the three charges and the rest were dropped, including e-mail fraud, aggravated identity theft and numerous other counts of mail and wire fraud.

Prosecutors said Soloway made hundreds of thousands of dollars from his spamming business, Newport Internet Marketing Corp. When he's sentenced in June, U.S. District Judge Marsha Pechman will determine how much restitution he must pay.

The government already seized at least four of his bank accounts, and Soloway has agreed to take a polygraph test as to his remaining assets.

He could face up to 20 years in prison.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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