Ele'ill
11th August 2015, 20:59
http://money.cnn.com/2015/08/11/investing/hacked-stock-press-release-indictment/
A group of stock traders teamed with two Ukrainian-based computer hackers to make $100 million in illegal profits by gaining access to hundreds of press releases of many leading U.S. companies and trading on the stolen news before it became public.
All told 16 individual stock traders, and 14 businesses profited from the illegal trades, according to civil charges from the Securities and Exchange Commission. Nine of those individuals, including the two hackers, also face federal criminal charges. One federal indictment was unsealed in New Jersey and the other in Brooklyn on Tuesday.
A group of stock traders teamed with two Ukrainian-based computer hackers to make $100 million in illegal profits by gaining access to hundreds of press releases of many leading U.S. companies and trading on the stolen news before it became public.
All told 16 individual stock traders, and 14 businesses profited from the illegal trades, according to civil charges from the Securities and Exchange Commission. Nine of those individuals, including the two hackers, also face federal criminal charges. One federal indictment was unsealed in New Jersey and the other in Brooklyn on Tuesday.