Georgia Broker Pleads Guilty to Hacking Company Releases

Updated on
  • Leonid Momotok enters plea at a hearing Tuesday in Brooklyn
  • U.S. says five-year scheme was largest of its kind charged

A Georgia broker admitted that he joined an insider-trading ring that reaped millions of dollars in illicit profits from Ukrainian hackers who pilfered corporate press releases before they were published.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.