2nd Circuit Upholds Convictions in International Hacking, Trading Scheme | #computerhacking | #hacking

The U.S. Court of Appeals for the Second Circuit has upheld the convictions of two men who were found guilty for trading on non-public financial information that they helped to steal from three newswire services prior to publication.

The ruling, published Monday, rejected arguments from Vitaly Korchevsky and Vladislay Khalupsky that Brooklyn federal prosecutors lacked the evidence needed to convict the pair over their roles in the international hacking scheme, which targeted PR Newswire, Marketwired and Business Wire.

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