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