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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

Published Wed, Jul 22, 2015 · 09:50 PM

    Washington

    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 unpredictable alliances in modern computer crime involving, if true, a multi-layered organisation with tentacles reaching Moscow, Tel Aviv and West Palm Beach.

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