U.S. charges nine in hacking, insider trading scheme

August 11, 2015 2:58 PM

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U.S. charges nine in hacking, insider trading scheme

NEW YORK U.S. prosecutors have charged nine people over their alleged roles in a hacking scheme to obtain corporate press releases before they were made public, which they said generated more than $30 million of illegal trading profit.

Prosecutors in Brooklyn, New York made public an insider trading indictment charging four traders: Vitaly Korchevsky, a former hedge fund manager from Glen Mills, Pennsylvania; Vladislav Khalupsky, of Brooklyn and Odessa, Ukraine and Leonid Momotok, of and Alexander Garkusha of Georgia.

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