We didn’t know the information that made us rich was stolen from PR agencies! That appears to be the defence proffered by two defendants in the hacked press release trial. . On Tuesday, the latest trial in this $20m insider trading case began for Vitaly Korchevsky, a former hedge fund manager for Morgan Stanley, now turned pastor, and Vladislav Khalupsky, who had been arrested in Ukraine and extradited. The link for this article located at Naked Security/Sophos is no longer available. . The legal proceedings commence against a duo implicated in a $20 million securities fraud scheme linked to compromised corporate announcements.. Hacked Press Release Fraud, Insider Trading, Cybercrime Scandal. . LinuxSecurity.com Team
Recently, an international hacking ring was discovered to have stolen more than $100 million. The sophisticated plan demonstrated ingenuity on the part of the attackers. They exploited a core vulnerability of the financial system in one of the digital age. This is the first U.S. prosecuted criminal case in which the hackers teamed up with stockbrokers to commit to access inside information in their securities fraud plot.[ii] The link for this article located at Darkmatters is no longer available. . Discover the initial instance in the United States where cybercriminals and financial traders conspired to execute a securities scam amounting to millions of dollars.. Insider Fraud, Hacking Collaboration, Cybersecurity Issues. . LinuxSecurity.com Team
Sweden's Economic Crimes Bureau has begun an investigation into some of the events surrounding the planned acquisition of The Pirate Bay by Global Gaming Factor X. Swedish newspaper SvD reported Saturday that authorities are looking for possible insider trading after Global Gaming's stock rose sharply a week before Global Gaming announced plans to acquire The Pirate Bay--the best known BitTorrent tracker in the world, which was used by millions to pirate films.. Trading of Global Gaming shares was halted by AktieTorget, a Swedish exchange, on Friday after officials there requested proof that Global Gaming had enough money to complete the sale. Global Gaming has yet to produce the required documentation. Until officials get the proof they need, they said they won't allow the stock to be traded again. The investigation and Friday's halt of trading were unrelated, SvD reported. The link for this article located at CNET is no longer available. . Trading of Global Gaming shares was halted by AktieTorget, a Swedish exchange, on Friday after offic. sweden's, economic, crimes, bureau, begun, investigation, events, surrounding. . Anthony Pell
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