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Motley Fool Stock-Pick Hacker Charged With Securities Fraud

  • David Stone allegedly gained pre-publication access to picks
  • SEC says he made almost $4 million trading on the information
Updated on

An Idaho man who allegedly managed to access stock picks by personal finance website Motley Fool before publication and made millions of dollars trading on the information has been charged with securities fraud.

David Stone, 36, was charged Tuesday by federal prosecutors in Manhattan over trades placed between 2020 and 2022. The Securities and Exchange Commission filed a tandem civil complaint against Stone that also named a friend, John D. Robson, as complicit in the scheme. The SEC identified the investment advisory service from which the stock picks were stolen as Motley Fool.