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US busts hacking/insider trading ring

U.S. Attorney for New Jersey Paul J. Fishman speaks during a press conference on August 11, 2015 in Newark, New JerseyAn international team of computer hackers and stock traders was charged with pocketing more than $100 million in illicit profits based on stolen market-moving financial information, US officials announced Tuesday. The Department of Justice charged nine people in a criminal conspiracy with making more than $30 million in illegal trades on the pilfered information. A parallel civil case from the US Securities and Exchange Commission listing 32 defendants said the scheme yielded over $100 million in unlawful profits.

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