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SEC Prosecutions
Judgment of Over $10 Million Against Hong Kong Company in News Release Hacking Case
SEC v. Blue Bottle Limited and Matthew C. Stokes
- 2009
- $10.8 Million
Joint and several judgment against defendants for illegal trading using material, non-public information about 12 companies. The SEC alleged that defendants apparently hacked into computer networks or otherwise gained access to systems containing information about imminent news releases. Over $2.7 million illicit profits realized.
