The Traderszone Network

Published in TZ Latest News 11 August, 2015 by The TZ Newswire Staff

US charges 9 in hacking/insider trading case

US officials charged nine people in an international hacking and insider trading conspiracy that yielded more than $30 million in illegal trading on stocks based on non-public information, officials announced Tuesday. The scheme was engineered by a team of hackers and securities traders from Ukraine and the US states of Georgia, Pennsylvania and New York, according to an indictment released by the US Attorney’s office in New Jersey. Defendants then “executed profitable trades based on the material nonpublic information contained in the Stolen Releases,” said the indictment.