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USA v. Korchevsky et al

  1. June 12, 2018

    Ex-Morgan Stanley VP Traded On Hacked Co. Info, Jury Told

    A Brooklyn federal jury on Tuesday heard of how a former Morgan Stanley vice president and an ex-broker were allegedly part of a $30 million insider trading scheme that utilized hacked corporate press releases to trade ahead of earnings announcements and other company news, as an expected month-long trial kicked off.

  2. May 01, 2018

    Ex-Fund Manager Seeks To Trim Claims In $30M Hacking Suit

    A former Morgan Stanley fund manager asked a New York federal judge on Monday to drop two securities fraud charges against him, among other requests, before he goes to trial in June on allegations that he and others schemed to make $30 million by trading on information from stolen press releases.

  3. February 16, 2018

    Newswire Hacker Can't Beat $30M Securities Fraud Case

    A Brooklyn federal court rejected a former Morgan Stanley fund manager's request to trim his indictment for allegedly scheming to make $30 million by trading on information from stolen press releases, with the judge finding Friday the charges were sufficiently specific.

  4. July 31, 2017

    Feds Rip Ex-Exec's Bid To Trim Charges In $30M Hack Scheme

    Federal prosecutors have blasted a bid from a former Morgan Stanley vice president to trim charges over an alleged $30 million scheme to trade on hacked information from financial newswires, telling a New York federal court Friday that the U.S. government has provided more than sufficient notice of the charges against him.

  5. July 03, 2017

    Ex-Hedge Funder Seeks To Nix Charges In $30M Hack Scheme

    A former hedge fund manager and ex-Morgan Stanley vice president has asked a New York federal judge to throw out all but one of the charges against him over an alleged $30 million scheme to trade on hacked information from financial newswires, deeming the counts legally insufficient.

  6. June 16, 2017

    Ex-Exec Wants More Info On Charges In $30M Hack Scheme

    A former Morgan Stanley vice president charged as part of an alleged $30 million scheme to trade on information stolen by Ukrainian hackers from the servers of financial newswires has asked a New York federal court to require the U.S. government to provide more particulars about the evidence and allegations against him.

  7. August 02, 2016

    4th Trader Admits Guilt In $30M Newswire Hacking Scheme

    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.

  8. January 08, 2016

    New Charges Eyed In Press-Release Hack, Insider Trading Plot

    Prosecutors told a Brooklyn federal judge Friday that they are likely to bring additional charges against noted Pennsylvania pastor Vitaly Korchevsky and others accused in a $30 million plot to profit from stock trades based on information stolen by computer hackers from distributors of corporate news releases.

  9. December 21, 2015

    Ga. Man Cops To Press-Release Hacking, Insider Trading Plot

    A Cumming, Georgia, man pled guilty Monday in Brooklyn for his involvement in a scheme to trade stocks based on information stolen from press release distributors Marketwired LP, PR Newswire Association LLC and Business Wire which, according to prosecutors, netted a group of defendants $30 million in illegal profits.

  10. August 26, 2015

    Moneyman-Turned-Pastor Wins Bail In $30M Trading Bust

    A New York federal judge agreed Wednesday to free corporate press release hacking and insider-trading suspect Vitaly Korchevsky pending trial, setting $2 million bail backed by property owned by members of the investment pro-turned-pastor's Pennsylvania Baptist ministry and $200,000 in cash as well as his interest in $10 million worth of frozen assets.

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