9 Charged In Largest Known Hacking, Securities Fraud Scheme
Nine people have been charged in two indictments that were unsealed Tuesday in Brooklyn, New York andNewark, New Jersey federal court, charged with an international scheme to hack into three business newswires and steal yet-to-be published press releases containing non-public financial information used to make trades that allegedly generated approximately $30 million in illegal profits.
Meanwhile, the Securities and Exchange Commission announced fraud charges against 32 defendants for taking part in the "scheme to profit from stolen nonpublic information about corporate earnings announcements."
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