A trader from an Atlanta suburb admitted to involvement in what U.S. authorities have called a more than $100 million international insider trading scheme that involved hacking into networks that distribute corporate news releases.
Igor Dubovoy, 28, pleaded guilty on Wednesday to one count of conspiracy to commit wire fraud, according to U.S. Attorney Paul Fishman in New Jersey.
Dubovoy, of Alpharetta, Ga., became the second defendant to admit criminal wrongdoing related to the alleged theft from February 2010 to August 2015 of more than 150,000 press releases from Business Wire, MarketWired and PR Newswire For the full article click here
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