Russian Hacker Bags $31 Million in U.S. Brokerage Scam, SEC Says
According to the U.S. Securities and Exchange Commission (SEC), this wasn’t just a case of a hacker skimming off the top. No, no. Kushnarev hacked into hundreds of retail brokerage accounts, and then, with the finesse of a grifter at an opera, manipulated stock and options prices. By the end of it all, he walked away with $31 million in gross proceeds and a tidy $1.5 million in net profits. Not bad for a few years of playing with other people’s money, eh? 💰








