Trader Who Used Hacked Press Releases Gets 4 Years

Law360, New York (January 11, 2019, 7:20 PM EST) -- 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.

Vladislav Khalupsky, who ran a trading school in Ukraine, was convicted on five counts last summer that related to his alleged work for a ring of criminals that made trades based on the information they stole. Prosecutors said the sentencing guidelines called for him to face as long as 14 years behind bars, but he had asked for a...

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