Charges brought against SEC hackers

The Department of Justice has filed a 16-count indictment against two Ukrainian nationals, Artem Radchenko and Oleksandr Ieremenko, charging them with securities fraud conspiracy, computer fraud, computer fraud conspiracy, and wire fraud conspiracy.  According to the indictment, the two men hacked into the EDGAR system and stole files containing confidential, non-public financial information over a period of months in 2016. They are accused of selling the stolen data to traders, who traded on the information prior to its public release.  In a parallel action, the SEC has brought anti-fraud charges against Ieremenko, two entities, and six traders located in California, Ukraine, and Russia.

DOJ press release | SEC press release