SEC v. Dmitrii Yevgenyevich Kushnarev

Dmitrii Yevgenyevich Kushnarev allegedly used over 20 fake identities to open over 100 foreign and domestic bank and brokerage accounts, and to have repeatedly used his brokerage accounts to trade profitably in securities that were simultaneously being manipulated by hackers through forced trades in the compromised U.S. brokerage accounts. According to the SEC, Kushnarev generated approximately $31 million in gross proceeds from his trades, and approximately $1.5 million in net profits from the scheme. The SEC alleges that Kushnarev traded in at least 380 separate securities on the same day that those securities were the subject of manipulation through hacking attacks.

Summary generated from official Securities and Exchange Commission press release