Computer Hope
Other => Computer News => Topic started by: Geek-9pm on August 02, 2016, 09:49:56 PM
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From ABC News.
http://abcnews.go.com/US/wireStory/georgia-man-pleads-guilty-30m-computer-hacking-scheme-41078310
A Georgia man pleaded guilty to a conspiracy charge Tuesday, admitting participating in a computer hacking scheme that used facts stolen from over 150,000 press releases to generate $30 million in illegal profits.
Leonid Momotok, 48, of Suwanee, Georgia, entered the plea in Brooklyn federal court.
U.S. Attorney Robert Capers said in a release that Momotok and a group of traders stole secrets by hacking into three business newswires to snatch information from unpublished press releases.
Capers called it a "brazen scheme that was unprecedented in its scope, impact and sophistication."