{"id":5851,"date":"2015-08-17T00:00:00","date_gmt":"2015-08-17T05:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2015\/08\/insider_trading_charges_filed"},"modified":"2015-08-17T00:00:00","modified_gmt":"2015-08-17T05:00:00","slug":"insider-trading-charges-filed","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/insider-trading-charges-filed\/","title":{"rendered":"Insider Trading Charges Filed Against 32 Defendants in Hacking Scam Involving Newswire Services"},"content":{"rendered":"<p>The Securities and Exchange Commission has filed financial fraud charges against 32 defendants accused of insider trading by using information obtained from newswire services that were hacked. Two Ukrainians and 30 other defendants in the U.S. and abroad are accused of making $100 million in illegal gains. <\/p>\n<p>According to the regulator, for about five years,  Oleksandr Ieremenko and Ivan Turchynov, both from Ukraine, hacked in to at least two newswire services and stole hundreds of corporate earnings announcements before they were issued to the public. <em>Bloomberg <\/em>says the services are Business Wire, Marketwired, and PRNewswire Association LLC. <\/p>\n<p>The suspected hackers are accused of grabbing over 150,000 news releases that allowed them to anticipate movements in the stock market and make trades that would turn a profit. They also purportedly set up a secret web-based location to transmit the stolen information to traders in numerous countries and U.S. states. <\/p>\n<p>The two men are accused of concealing intrusions with proxy servers to hide their identities and pretending to be newswire service employees and customers. Turchynov and Ieremenko are also accused of using a video highlighting the theft of the earnings data prior to public release to recruit traders.<\/p>\n<p> <a href=\"https:\/\/www.investorlawyers.com\/blog\/insider-trading-charges-filed\/#more-5851\" class=\"more-link\">Continue Reading \u203a<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Securities and Exchange Commission has filed financial fraud charges against 32 defendants accused of insider trading by using information obtained from newswire services that were hacked. Two Ukrainians and 30 other defendants in the U.S. and abroad are accused of making $100 million in illegal gains. According to the regulator, for about five years, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3811,3760,3761],"tags":[],"class_list":["post-5851","post","type-post","status-publish","format-standard","hentry","category-insider-trading","category-sec-enforcement","category-securities-and-exchange-commis"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Insider Trading Charges Filed Against 32 Defendants in Hacking Scam Involving Newswire Services &#8212; Investor Lawyers Blog &#8212; August 17, 2015<\/title>\n<meta name=\"description\" content=\"The Securities and Exchange Commission has filed financial fraud charges against 32 defendants accused of insider trading by using information obtained &#8212; August 17, 2015\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/insider-trading-charges-filed\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Insider Trading Charges Filed Against 32 Defendants in Hacking Scam Involving Newswire Services &#8212; Investor Lawyers Blog &#8212; August 17, 2015\" \/>\n<meta name=\"twitter:description\" content=\"The Securities and Exchange Commission has filed financial fraud charges against 32 defendants accused of insider trading by using information obtained &#8212; August 17, 2015\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Insider Trading Charges Filed Against 32 Defendants in Hacking Scam Involving Newswire Services &#8212; 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