Poaching corporate press releases for profit

Amelia Havanec • Jan 12, 2018

Jan 12, 2018

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                <h1>Poaching corporate press releases for profit</h1>
                <h2><p>Nine people are charged with hacking into newswires and looking at some 800 corporate press releases before they were released to the public, the Associated Press reports. The hackers, from the U.S. and Ukraine, allegedly used the information to trade stocks on Wall Street before the releases went out</p></h2>
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               <p>By <a href="/author/amelia-havanec-crosscut-com/">Amelia Havanec</a></p> 
              <p><time datetime="2025-02-04T05:00:00-08:00">Jan 12, 2018</time></p>
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            <p>Nine people are charged with hacking into newswires and looking at some 800 corporate press releases before they were released to the public, the <a href="http://hosted.ap.org/dynamic/stories/U/US_INSIDER_TRADING_HACKING?SITE=AP&SECTION=HOME&TEMPLATE=DEFAULT&CTIME=2015-08-11-12-54-25&ref=avalancheghost.one">Associated Press</a> reports. The hackers, from the U.S. and Ukraine, allegedly used the information to trade stocks on Wall Street before the releases went out and made out with a hefty $100 million from doing so. Fraud with an avant garde approach? Cue sequels for every stock trading movie you've seen.</p>
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Nine people are charged with hacking into newswires and looking at some 800 corporate press releases before they were released to the public, the Associated Press reports. The hackers, from the U.S. and Ukraine, allegedly used the information to trade stocks on Wall Street before the releases went out and made out with a hefty $100 million from doing so. Fraud with an avant garde approach? Cue sequels for every stock trading movie you've seen.

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By Amelia Havanec

Amelia Havanec is Crosscut's Science and Tech Fellow. She came to Washington from her home state of Connecticut by way of New York, Florida, California and Michigan in pursuit of the perfect pint. Sh