You are here

Israeli link found in JPMorgan hacking and 'pump-and-dump' scheme arrests

At least five stocks were manipulated in 2011 and 2012, according to grand jury indictment unsealed on Tuesday in Manhattan federal court

A source said data stolen from JPMorgan may have been sought for promoting stocks through a massive spam campaign.


AUTHORITIES have arrested four people in Israel and Florida and revealed a complex securities fraud scheme tied to the computer hacking of JPMorgan Chase & Co and other financial institutions.

Behind the alleged crimes described on Tuesday is a remarkable story of