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Share Name | Share Symbol | Market | Type |
---|---|---|---|
JP Morgan Chase and Co | NYSE:JPM | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.98 | 0.44% | 225.40 | 225.92 | 223.10 | 225.00 | 7,017,269 | 00:57:34 |
By Christopher M. Matthews, Emily Glazer and Devlin Barrett
U.S. authorities charged five individuals Tuesday in cases connected to a cyberattack on J.P. Morgan Chase & Co. last year, bringing criminal counts ranging from securities fraud to money laundering, according to people familiar with the matter.
Four of the men were arrested in Florida and Israel while a fifth remains at large, U.S. officials said.
The men were charged in a Manhattan federal court Tuesday. Three of the men were accused of running a pump-and-dump scheme to manipulate stock prices, while the other two were accused of operating an illegal Bitcoin operation. In a separate complaint, the Securities and Exchange Commission filed civil charges against the three men related to the pump-and-dump stock manipulation.
None of the court documents detailed the men's connection to the J.P. Morgan hack last summer. U.S. officials confirmed a link but declined to elaborate.
The names of two of the men arrested Tuesday were included in an FBI memo circulated last fall that listed several persons of interest related to the J.P. Morgan hack, according to a person familiar with the situation.
When the bank announced last year that its system had been breached, it said customer contact information had been compromised for about 76 million households world-wide. The stolen information included names, phone numbers and email addresses. The bank said hackers were unable to gather detailed personal information, such as account numbers, passwords, Social Security numbers or dates of birth.
Such contact information could be valuable to spammers seeking to target millions of email accounts as part of a scam.
Investigators believed other financial institutions were targeted by the same hackers, without the success they had against J.P. Morgan, according to people close to the case.
At the time the breach was announced, initial evidence suggested the hacker or hackers may have been located in Russia, prompting speculation that the Russian government could have been seeking to retaliate over diplomatic disputes with the U.S. -- a suggestion that was discounted by a number of federal cybersecurity officials.
On Tuesday, law enforcement agents in Israel arrested Gery Shalon and Ziv Orenstein. Federal prosecutors in Manhattan charged them in an indictment with securities fraud and other charges in connection with an alleged multimillion-dollar pump-and-dump scheme. Mssrs. Shalon and Orenstein are both Israeli citizens and the U.S. will seek their extradition, according to prosecutors. Prosecutors also charged a third man, Joshua Samuel Aaron, who is a U.S. citizen living in Russia and remains at large.
In two separate complaints, New York prosecutors charged Yuri Lebedev and Anthony Murgio with running an unlicensed Bitcoin exchange. Both men were arrested at their homes in Florida on Tuesday, prosecutors said. The pair allegedly operated Coin.mx, which allowed customers to exchange cash for virtual currency. Mssrs. Lebedev and Murgio allegedly allowed victims of cyberattacks to buy bitcoins to pay ransom to hackers who had seized control of the victims' computers, prosecutors said, allowing hackers to receive the proceeds of their crime.
Write to Christopher M. Matthews at christopher.matthews@wsj.com, Emily Glazer at emily.glazer@wsj.com and Devlin Barrett at devlin.barrett@wsj.com
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