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SEC charges 32 in press release hacking, stock trading scheme

Discussion in 'CSO' started by RSS, Aug 12, 2015.

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    RSS New Member Member

    The U.S. Securities and Exchange Commission has charged 32 defendants with fraud in an international scheme that used stolen, yet-to-be-published press releases from hacked websites to conduct stock trades.

    The SEC's charges are on top of wire fraud conspiracy and other charges announced by the U.S. Department of Justice on Tuesday. The nine DOJ defendants also face SEC charges. The other SEC defendants are eight people and 15 companies.

    [ YESTERDAY: Nine charged in press release breaches, stock trading scheme ]

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