2 Charged with Hacking Securities and Exchange Commission Computers in Trading Scheme

Associated Press |

NEWARK, N.J. (AP) — Two Ukrainian men have been charged with hacking into computers of the Securities and Exchange Commission to steal quarterly and annual reports of publicly traded companies before their public release.

An indictment released Tuesday alleges Artem Radchenko and Oleksandr Ieremenko allegedly operated the scheme in 2016 and 2017, selling the information and using it to make stock trades.

They allegedly sent bogus emails to SEC employees purporting to be from other employees to get inside the federal agency's network.

The technique allegedly enabled them to steal thousands of filings.

The two men face multiple computer fraud, wire fraud and conspiracy counts. The court docket didn't list an attorney for either suspect Tuesday.

Ieremenko is also a defendant in a similar 2015 case in which hackers allegedly infiltrated newswire services.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer.


Discover: Trending Events

United Nations
Blockchain for Europe
Humanity 2.0
World Economic Forum

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG