Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme

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Source: National Cyber Security – Produced By Gregory Evans

Trader Pleads Guilty To Largest Known Computer Hacking And Trading Scheme

Leonid Momotok, of Suwanee, Georgia, has pleaded guilty to conspiracy to commit wire fraud for his role in an international scheme to hack into three business newswires and steal yet-to-be published press releases containing non-public financial information that was then used to make trades that generated approximately $30 million in illegal profits. Read More….

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