A federal court in New York ordered Olexandr Dorozhko, a Ukrainian citizen, to pay $580,000 in disgorgement, prejudgment interest, and a civil penalty, for trading in the securities of a U.S. corporation based on information he obtained through computer hacking. In 2007 Dorozhko hacked into an investor relations firm’s computer and accessed information on the corporation’s negative earnings to be published after the market closed. Dorozhko invested $40,000 in put options and made a $290,000 profit the next day. The court found him liable under SEC Rule 10b-5 for using a “device, scheme, or artifice to defraud” in connection with securities trading.
http://www.sec.gov/litigation/litreleases/2010/lr21465.htm
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