Arrests Made In JPMorgan Hack, Securities Fraud Scheme
Four individuals arrested in Israel and Florida, one more at large, according to report.
![](https://eu-images.contentstack.com/v3/assets/blt6d90778a997de1cd/bltc94608acf452fd67/655cf371ab171e040a838b2a/329050_DR23_Graphics_Website_V5_Default_Image_v1.png?width=1280&auto=webp&quality=95&format=jpg&disable=upscale)
JPMorgan Chase & Co.'s 2014 data breach now has a face: four people in Israel and Florida have been arrested today in a securities fraud scheme related to the data breach of JPMorgan as well as other finanical insitutions, according to Bloomberg.
The criminal enterprise -- which spanned West Palm Beach, Florida, Tel Aviv, and Moscow -- reportedly falsely inflated low-volume stocks. A newly unsealed indictment says at least five stocks in 2011 and 2012 were abused in the operation, which included email campaigns and manipulative trading in a "pump and dump" scheme.
A fifth individual remains at large, according to the report.
For more information on this breaking story, read the Bloomberg report here.
About the Author(s)
You May Also Like
CISO Perspectives: How to make AI an Accelerator, Not a Blocker
August 20, 2024Securing Your Cloud Assets
August 27, 2024