Two charged over JPMorgan hack

By on
Two charged over JPMorgan hack

Others plead not guilty.

Two Israeli citizens have pleaded not guilty to orchestrating a massive hacking and fraud scheme that included an attack against JPMorgan and generated hundreds of millions of dollars of illegal profit.

Gery Shalon, 32, and Ziv Orenstein, 41, entered their pleas in Manhattan federal court before US magistrate judge Nathaniel Fox. They were extradited from Israel this week.

Shalon, Orenstein and a third defendant, Joshua Samuel Aaron, all from Israel, were charged in November in a 23-count indictment with alleged crimes targeting 12 companies, including nine financial services companies and media outlets such as The Wall Street Journal.

Aaron has not been arrested by US authorities, prosecutors said, and his whereabouts were not immediately clear.

Prosecutors said the scheme dated back to 2007 and compromised the personal information of more than 100 million people.

The alleged enterprise included pumping up stock prices with sham promotional emails, running online casinos, operating an illegal bitcoin exchange and laundering money through at least 75 shell companies and accounts around the world.

It involved a massive attack on JPMorgan affecting 83 million customers, the largest theft of customer data from a US financial institution, authorities said.

A separate indictment unveiled in Atlanta against Shalon, Aaron and an unnamed defendant said the brokerages E*Trade Financial and Scotttrade were also targets, and personal information of more than 10 million customers was compromised.

The counts in the New York indictment include counts of computer hacking, securities and wire fraud, identity theft, illegal internet gambling and conspiring to commit money laundering, carrying possible prison sentences ranging from two to 20 years. Not all counts were brought against all defendants.

Tags:

Most Read Articles

Log In

Username:
Password:
|  Forgot your password?