WASHINGTON: A Ukrainian national has pleaded guilty to charges of hacking into databases holding unpublished company press releases to gain insider information that led to US$30 million (RM120.50 million) in illicit gains, officials said.
The US Department of Justice said 28-year-old Vadym Iermolovych pleaded guilty Monday before a federal judge in New Jersey to charges of conspiracy to commit wire fraud, conspiracy to commit computer hacking, and aggravated identity theft.
Officials said Iermolovych was arrested in November 2014 in what was the largest known hacking scheme for securities fraud.
According to investigators, the Ukrainian was part of a team that broke into the …read more
Source: theSun
