SEC: Charges Five Russians in $80 Million Hacking and Trading Scheme
- SEC announced fraud charges against five Russian nationals for engaging in a multi-year scheme to profit
- The filing agents assist publicly traded companies with the preparation and filing of periodic reports
- The company complaint, filed in federal district court in Massachusetts, alleges that defendant Ivan Yermakov
- According to the complaint, from 2018 through 2020, the traders used 20 different brokerage accounts located in Denmark
- The defendants allegedly shared a portion of their enormous profits by funneling them through a Russian information technology
- Complaint charges each of the defendants with violating the antifraud provisions
