US prosecutors charge 32 in stock options scheme

World Today

More than 100 million dollars: that’s what traders and hackers are accused of making in illicit trades in companies that include Bank of America, Caterpillar and Honeywell.
CCTV’s Karina Huber filed this report from New York.

US prosecutors charge 32 in stock options scheme

More than 100 million dollars: that's what traders and hackers are accused of making in illicit trades in companies that include Bank of America, Caterpillar and Honeywell.

More details:

  • The accused include 32 traders living in Russia, Ukraine, Malta, Cyprus, France and the U.S.
  • The hackers allegedly got access to market-moving information before it became public by infiltrating the servers of news wire services.
  • The hackers then sold that information to traders who paid them either a flat fee, or a percentage of the ill-gotten gains.