Posted On: 08/12/2015 9:01:44 AM
Post# of 22467

U.S. prosecutors have separately announced charges against an insider-trading ring consisting of 32 traders and hackers, marking the first time criminal allegations have been brought for a securities fraud scheme involving hacked inside information. Stolen press releases gave the rogue traders $100M in illegal proceeds by allowing them to trade on news before it hit the wires. Hackers were then paid a flat fee or a percentage of the profits gained from the trading.
Seeking Alpha
.....how far would some go?
......all the way to jail, evidently
Seeking Alpha
.....how far would some go?
......all the way to jail, evidently

