Prosecutors said Westbrook hacked information about five public companies and traded in advance of more than a dozen earnings announcements in 2019 and 2020. — Dreamstime/TNS
A British man was charged by US prosecutors with hacking corporate executives’ email accounts to obtain confidential earnings information.
Robert B. Westbook made more than US$3mil trading on the hacked information ahead of public announcements, according to an indictment unsealed Sept 27 by New Jersey federal prosecutors. The Securities and Exchange Commission also filed a parallel lawsuit.
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