US busts hacking/insider trading ring


  • TECH
  • Wednesday, 12 Aug 2015

Crackdown: Fishman speaking about arrests in an uncovered international scheme where information from newswires was hacked and used to make illegal insider trades during a press conference at the Justice Department's offices in Newark, New Jersey.

NEW YORK: An international team of computer hackers and stock traders was charged with pocketing more than US$100mil (RM397.52mil) in illicit profits based on stolen market-moving financial information, US officials announced. 

The Department of Justice charged nine people in a criminal conspiracy with making more than US$30mil (RM119.25mil) in illegal trades on the pilfered information. 

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