Blackmail and fraud are both offences that involve using others as means to ends, and require the ability to discount the damage and pain you cause to others. If I were hiring a coder (let alone a computer security consultant) I'd search for a long time before hiring someone with a record of that kind of untrustworthy behaviour.
Sorry to be blunt; I know that some companies pay good money to convicted criminal hackers for their expertise. But I think that's a deplorable practice; it encourages the view that hacking/cracking, blackmail and fraud are a sensible route into regular employment. I think those convictions should be a blocker.