Living in Moscow a trader David Amaryan, investment firms and Fund two in Paris — Guibor and Omega SA 26 Investments Ltd — agreed to pay nearly $18 million to settle claims of the Commission on securities and stock exchanges of the USA (SEC) that they traded insider information obtained from stolen press releases from corporate news sites. About it reports Reuters with reference to the communication from the Commission.
Amaryan and these funds were among 43 defendants in the case about theft of more than 150 thousand of press releases that have been stolen by hackers prior to their publication site server publishing corporate press releases: Business Wire, Marketwired and PR Newswire.
According to the SEC, the scheme used allowed the fraudsters illegal to get more than $100 million over five years. Amaryan, investment firms Copperstone Alpha Fund, Copperstone Capital, Inc. and Ocean Prime Pacific SA by this scheme received $8.1 million, Guibor and Omega 26 — $6.6 million, says the report of the Commission.
Aramian has agreed to pay $10 million, Guibor — $4.2 million, Omega 26 — $3,72 million
About the lawsuit the SEC about insider trading, it became known in August 2015. Then the Commission said that the defendants are, in particular, five Russians, who conducted illegal insider trading in five Moscow companies. An action against the Russians was civil and provided for monetary compensation from the defendants, and the return of illegally obtained income with interest.
As reported then, the SEC accused the people of Russia — the leader of a registered in the British virgin Islands, Ocean Prime, Inc. David Amaryan and deystvovali in conjunction with him Nicholas Slepenkov (owner of Escada Logistics firms, also registered in the British virgin Islands), 29-year-old residents of Voronezh Alexander Fedoseyev and Roman Lavlinskii and Russian Maxim Zakharchenko associated with Moscow-based Capital Partners and Bering Bering Explorer Fund.
In late December, Reuters reported that the native of Russia, Alexander Garkusha, a citizen of the U.S., pleaded guilty in participating in the trading of insider information for $100 million Verdict, he must announce at the beginning of may.