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U.S. prosecutors have separately announced charges

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Post# of 22465
Posted On: 08/12/2015 9:01:44 AM
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Posted By: chessmite
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


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