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U.S., Israel make arrests related to JPMorgan hack
Four men in Florida and Israel have been arrested for allegedly manipulating stocks and orchestrating a series of cyberattacks on financial institutions, including JPMorgan Chase.
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“N”>U.S. and Israeli authorities arrested four people in Israel and Florida on Tuesday in connection with several fraud schemes tied to last summer’s massive data breach at JPMorgan Chase & Co, as stated by news reports.
JPMorgan stated final October that names, addresses, telephone numbers and e-mail addresses of about 83 million clients have been uncovered in a hacking assault, making it one of many largest knowledge breaches in historical past.
The court documents in the stock scam say Joshua Samuel Aaron, Gery Shalon, and Zvi Orenstein gained millions of dollars in their operations to artificially pump up the prices of small stocks and cash in while other investors lost heavily.
Israel Police first reported the arrests in a message sent out to reporters on Tuesday, along with a stipulation that a gag order now on the case prevents the publication of any details or the existence of the gag order.
In the other case, Anthony Murgio and Yuri Lebedev used a front company and a licensed credit union to hide an operation to transfer large sums of money using the crypto-currency Bitcoin.
Grand jury indictments unsealed Tuesday for each don’t mention the JPMorgan attacks, but sources told both the Wall Street Journal and Bloomberg that all five individuals are people of interest in the FBI’s investigation of the JPMorgan attack. The court filings on Tuesday, however, suggest a few loose connection.
The breach compromised contact information for tens of millions of bank customers. A JPMorgan spokeswoman declined to comment on the arrests.
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Federal authorities quickly ruled out the Russian government as a suspect, as well as the possibility of direct ties to Russian gangs.