Criminal Prosecutions

Young Hackers Plead Guilty to IP Theft Conspiracy

February 12, 2015
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On January 20, 2015, the DOJ reported a third guilty plea by a young hacker to a conspiracty to break into the networks of tech companies and steal intellectual property.  All four of the alleged conspirators are under 30 years old, and one was only 19.  The intended […]

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Real Estate Investors Plead Guilty to Bid Rigging and Fraud at Public Foreclosure Auctions

February 10, 2015
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Late last month, the DOJ issued a press release announcing guilty please of two Georgia men for bid rigging in real estate auctions.  According to court documents, Mohammad Adeel Yoonas and Kevin Shin and several co-conspirators worked together by not bidding against each other and, instead, designating […]

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Former Internet Technology Manager Sentenced to 3 Years

February 3, 2015
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Maxim Chukharev, a former IT manager for Liberty Reserve, was sentenced to three years last month, after pleading guilty at the end of last year to “conspiring to operate an unlicensed money transmitting business.”  The charge is one commonly brought against intermediary businesses used to money laundering by […]

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Feds Prosecuting Market Manipulation Via “Layering” or “Spoofing”

February 1, 2015
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Last month, the Department of Justice issued a press release announcing its first prosecution of “Layering,” also known as “spoofing.” According to the press release:

Layering, also known as “spoofing,” is a form of manipulative, high-speed stock trading in which a trader places non-bona fide orders […]

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