Author Topic: Insider trading hack bags US$4.1 million  (Read 802 times)

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Offline Antus67

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Insider trading hack bags US$4.1 million
« on: January 19, 2019, 12:09:01 PM »
By Lee hazell  /17/2019

Charges have been pressed against nine traders hailing from Ukraine, Russia and California for allegedly stealing US$4.1 million by hacking the Securities and Exchange Commission’s (SEC) corporate database in 2016.

The international insider trading scheme, comprising of Ukrainian hacker Oleksandr Ieremenko, six Californian, Ukrainian and Russian traders, and two others, was presented with civil charges by the SEC on Tuesday.

Alongside the SEC charges, the US attorney’s office for New Jersey also filed criminal charges against Ieremenko and Artem Radchenko – another accused hacker.

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