(Reuters) A Georgia man pleaded guilty on Tuesday to trading on inside information that authorities say was obtained by hackers through a worldwide scheme to steal information from services that distribute corporate news releases.
Leonid Momotok, 48, pleaded guilty in federal court in Brooklyn to one count of conspiracy to commit wire fraud, for his role in an alleged scheme that involved the theft of more than 150,000 unpublished press releases from Business Wire, Marketwired and PR Newswire.
Four other people have pleaded guilty to charges pending in Brooklyn and New Jersey, including three traders who like Momotok were arrested in August 2015.
