Pursuits

The Man Accused of Masterminding the Hacks That Shook Wall Street

  • U.S. says stocks, drugs, casinos, bitcoins fueled cyber-empire
  • Global scheme called `business model' for 21st-century fraud

Worldwide Hacking Ring Is Broken Up

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Through the dark world of cybercrime, its tentacles spread everywhere: stock manipulation, money laundering, gambling and more.

Nothing in the annals of corporate hacking compares to the portrait U.S. authorities painted Tuesday of a vast, global crime syndicate -- a mob for the digital age. As described by federal prosecutors, it was an operation of breathtaking scale, involving more than 100 people in a dozen countries, with illicit proceeds stretching into the hundreds of millions of dollars.