Federal authorities made arrests this morning in a case involving an alleged insider trading ring that hacked several thousand press releases containing market-moving information. The indictment, which has been seen by Business Insider, names five defendants: Ivan Turchynov (Ukrainian resident/alleged hacker) Oleksandr Ireemenko (Ukranian resident/alleged hacker) Arkadity Dubovoy (trader from Alpharetta, Georgia) Igor Duboyvoy (trader from Alpharetta, Georgia) Pavel Dubovoy (trader from Ukraine) The indictment also lists four unnamed co-conspirators residing in New York, Georgia, and Pennsylvania. Five arrests were made this morning, Reuters reported citing an FBI spokesperson. Prosecutors believe that since February 2010 Ukranian hackers gained entry …read more
Source: Business Insider
