: :inin Kyiv (EET)

US busts hacking/insider trading ring


NEW YORK (AFP) – An international team of computer hackers and stock traders was charged with pocketing more than $100 million in illicit profits based on stolen market-moving financial information, US officials announced Tuesday.The Department of Justice charged nine people in a criminal conspiracy with pocketing more than $30 million in illegal trades on the pilfered information.A parallel civil case from the US Securities and Exchange Commission listing 32 defendants said the scheme yielded over $100 million in unlawful profits.This international scheme is unprecedented in terms of the scope of the hacking, the number of traders, the number of securities …read more

Source: Dunya TV

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