Five Arrested In Insider Trading Hack Scheme

Update via Reuters:  Five people were arrested and are in U.S. custody, charged in an insider trading scheme that generated more than $30 million in illegal profits, an FBI spokeswoman said on Tuesday.

The scheme, which ran for 5 years, involved traders who employed hackers to steal confidential corporate news releases.

On Tuesday, U.S. authorities revealed that they had broken up the insider trading ring, which raked in over $30 million in illegal profits, and are set to file criminal...

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