A Ukrainian hacker pleaded guilty Monday to his
role in an international scheme that used stolen unpublished news
releases to make $30 million in profits.
Vadym Iermolovych entered the plea in Newark,
New Jersey, to a complaint charging him with aggravated identity theft
and conspiracy to commit wire and computer hacking. The 28-year-old Kiev
man faces up to 20 years in prison when he's sentenced Aug. 22.
Iermolovych was one of several people arrested
in August in the U.S. and Ukraine. The Securities and Exchange
Commission also charged them and 23 other individuals and companies in
the U.S. and Europe.
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Source: NBC News
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