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USA v. Korchevsky et al
Case Number:
1:15-cr-00381
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July 19, 2021
Traders In Stolen Press Release Case Lose 2nd Circ. Appeal
The Second Circuit on Monday refused to overturn the convictions of two former stock traders serving prison time for a $30 million scheme to trade on confidential financial information gleaned from stolen, unpublished press releases.
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June 17, 2019
Developer Dodges Prison For Role In Hack-Based Trading Plot
A Georgia real estate developer on Monday avoided prison for his involvement in a $30 million scheme to trade stocks based on information stolen from press release distribution companies, with a New York federal judge citing the defendant's extensive cooperation with prosecutors.
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March 21, 2019
Trader-Pastor Gets 5 Years For Hack-Based Insider Trading
A former hedge fund manager turned Slavic Baptist pastor on Thursday was sentenced to five years in prison, following his conviction at trial for a purported $30 million scheme to trade on nonpublic information gleaned from hacked, unpublished press releases.
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January 25, 2019
US Seeks 8 Years For Fraudster With 'Dual Persona' As Pastor
Prosecutors are seeking an eight-year prison sentence for a Slavic Baptist pastor who previously worked on Wall Street and has been convicted of trading stocks based on stolen unpublished press releases, telling a New York federal judge that the many parishioners who wrote letters supporting the pastor clearly didn't know of his "dual persona."
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January 11, 2019
Trader Who Used Hacked Press Releases Gets 4 Years
One of two men who were convicted of trading stocks based on information gleaned from early copies of financial press releases stolen and passed along by Ukrainian hackers was sentenced to four years in prison by a Brooklyn federal judge on Friday.
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July 06, 2018
2 Traders Convicted Of Using Hacked Press Releases
A Brooklyn federal jury convicted two stock traders on all counts in connection with a scheme to use early press releases shared with them by Ukrainian hackers to trade on nonpublic financial information.
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July 03, 2018
Feds, Traders Spar In Closing Of Earnings Hacking Case
Prosecutors and lawyers for two men accused of using hacked press releases to help them make profitable trades made their final pitches to a Brooklyn federal jury on Tuesday, with the government stressing trading data and email evidence while the defense savaged a trio of cooperating witnesses.
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June 18, 2018
Judge 'Troubled' By Ukraine Hacker-Trader Turncoat's Lies
A Brooklyn federal judge warned prosecutors Monday to scrutinize a cooperating witness in their case against two men who allegedly traded on draft corporate press releases that were pinched by Ukrainian hackers after the cooperator admitted on the stand to deceiving the government.
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June 14, 2018
Hacker-Trader Gang Insider Implicates Ex-Fund Manager, Self
Prosecutors building a case against two men who allegedly traded stocks after hackers passed them draft versions of corporate financial reports told a Brooklyn federal jury on Thursday that documents don't lie, while the defense did its best to suggest that the witness who read them had.
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June 13, 2018
Ex-Morgan Stanley VP Made Hack-Based Trades, Plotter Says
A onetime Georgia stock trader told a Brooklyn federal jury Wednesday that former Morgan Stanley Vice President Vitaly Korchevsky and ex-broker Vladislav Khalupsky traded on nonpublic information gleaned from hacked press releases as part of what prosecutors say was a $30 million fraud.