Justice is served: Cybercriminals from Ukraine who stole information before it was made public to facilitate a form of insider trading are due to be indicted.
NEW YORK: US prosecutors will announce the indictment of nine individuals on Aug 11 on charges they were part of an insider trading ring based on cyber hacking of disseminators of news releases, according to a person familiar with the matter.
The case alleges that a ring of cybercriminals from Ukraine hacked into disseminators of news releases and stole press releases about corporate news before it was made public, the source said.
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