4th Trader Admits Guilt In $30M Newswire Hacking Scheme
By Jody Godoy (August 2, 2016, 5:32 PM EDT) -- A trader admitted on Tuesday that he bought and sold stocks on information Ukrainian hackers allegedly stole from newswire services, becoming the fourth trader to plead guilty in what prosecutors call a $30 million cybercrime.
Appearing in Brooklyn federal court court wearing a black suit, Leonid Momotok, 48, read a statement apologizing for his role in the alleged scheme before U.S. Magistrate Judge Ramon Reyes. Momotok admitted he had knowingly used nonpublic information stolen from newswires to trade stocks on the New York Stock Exchange. He pled guilty to one count of conspiracy to commit wire fraud and agreed not to...
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