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Hackers and Traders Accused in $100 Million Wall Street Scheme
Federal authorities charge an international network of nine defendants in the United States and Ukraine with stealing previews of corporate press releases to trade ahead of public disclosure. The scheme allegedly earned over $100 million, with $30 million in profits from the U S group and more than $11 million via brokerage accounts. The indictment names Arkadiy and Igor Dubovoy among the arrestees, with operations traced from 2010 to 2013 across Marketwired PR Newswire and Business Wire. The case highlights cybersecurity risks and securities fraud across global markets.
MENTIONED IN THIS ARTICLE
Newark
N.J
Wall Street
U.S
Ukraine
Securities and Exchange Commission
Europe
SEC
Mary Jo White
Toronto
PR Newswire
New York
Business Wire
San Francisco
Panera Bread Co
Diego Rodriguez
FBI
Arkadiy Dubovoy
Igor
Alpharetta
Georgia
Atlanta
Duchovoy
Pavel
Paul Fishman
New Jersey
Fishman
Matthew L. Schwartz
Marketwired
Caterpillar Inc
Sillicon Valley
Align Technology
Russia
France
Malta
Cyprus