Former Equifax Exec Pleads Guilty To Insider Trading

Law360 (March 7, 2019, 4:59 PM EST) -- A former Equifax Inc. executive pled guilty to a charge of securities fraud in Georgia federal court on Thursday after selling shares of the company before news of a massive hack broke in 2017.

Jun Ying, who worked as chief information officer at Equifax's U.S. Information Solutions division, admitted to violating one of the two laws he had been accused of breaking, 18 U.S. Code Section 1348. Unlike the other securities fraud charge in Ying's case, 1348 doesn't require prosecutors to prove the defendant acted willfully.

Ying's sentencing is scheduled for June 27.

"Insider trading is an abuse of trust and...

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