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32 Defendants Charged In Scheme To Trade On Hacked News Releases
Tuesday, August 11, 2015 10:41
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by Securities and Exchange Commission
The Securities and Exchange Commission today announced fraud charges against 32 defendants for taking part in a scheme to profit from stolen nonpublic information about corporate earnings announcements. Those charged include two Ukrainian men who allegedly hacked into newswire services to obtain the information and 30 other defendants in and outside the U.S. who allegedly traded on it, generating more than $100 million in illegal profits.
Source: http://econintersect.com/pages/contributors/contributor.php?post=201508111225
