Accused JPMorgan Hacker Will Forfeit 81 Overseas Accounts

Law360, New York (May 1, 2017, 8:04 PM EDT) -- An Israeli man whom U.S. prosecutors accuse of running several online criminal schemes, including an unprecedented hack of a JPMorgan Chase & Co. database of 83 million customers, agreed to drain 81 overseas bank accounts and send the money to the U.S. government, according to court papers filed Friday.

Gery Shalon, who allegedly hid at least $100 million in various bank accounts when he was indicted in late 2015, is currently in talks with the government about a possible plea bargain, according to a notice filed in New York federal court last month. In documents filed Friday, Shalon admitted to being...

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