Chinese hackers ordered to pay $9 million over insider trading

Three Chinese citizens, who have obtained millions from illicit stock trades based on insider information they stole from two US law firms by hacking, have been ordered to give back the money (including money given to Hong’s mother) and pay over $5 million in civil penalties. The trio – Iat Hong, 26, and Chin Hung, 50, residents of Macau, and Bo Zheng, 30, resident of Changsha, China – were charged in December 2016 both by … More

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