We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

Ex-Morgan Stanley VP Made Hack-Based Trades, Plotter Says

Law360, New York (June 13, 2018, 8:55 PM EDT) -- 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.

Igor Dubovoy, 31, took the witness stand late in the afternoon on the second day of trial for Korchevsky and Khalupsky. The defendants are accused of trading on secret information about earnings announcements and other events obtained by Ukrainian hackers who stole press releases...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.