Source: National Cyber Security – Produced By Gregory Evans
Four men in Florida and Israel were recently arrested in connection with last year’s massive data breach at JPMorgan Chase, and a fifth man was charged but remains at large, The New York Times reports. According to the Times, the breach appears to have been aimed specifically at fueling a series of fraudulent investment schemes involving penny stocks and Bitcoin. An unidentified source told the Times the defendants had planned to use email addresses stolen from JPMorgan to target potential investors in penny stocks. Anthony Murgio and Yuri Lebedev were charged in Florida in connection with an operation converting Bitcoin into cash; and Israeli residents Gery Shalon, Ziv Orenstein and Joshua Samuel Aaron were charged with running a pump-and-dump stock scheme. Aaron remains at large. “As alleged, the defendants manipulated trading in U.S. securities from overseas, using fake identities to funnel millions of dollars in unlawful proceeds through a web of international shell companies,” Manhattan U.S. Attorney Preet Bharara said in a statement. “Using false and misleading spam e-mails sent to millions of people, these defendants allegedly directed their pump-and-dump scheme from their computers halfway around the world.” Despite the bank’s statements to the contrary, FBI agents determined that the […]
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