U.S. accuses Chinese citizens of hacking law firms for insider trading

Reuters News
Posted: Dec 27, 2016 11:48 AM

NEW YORK (Reuters) - U.S. prosecutors on Tuesday announced charges against three Chinese citizens who they said participated in a scheme to trade on confidential corporate information that was obtained by hacking into the networks and servers of several law firms.

Iat Hong, Bo Zheng and Chin Hung were charged in an indictment filed in Manhattan federal court with engaging in conspiracies to commit insider trading, wire fraud and computer intrusion.

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(Reporting by Nate Raymond in New York; Editing by Chizu Nomiyama)