(Bloomberg) -- A Georgia broker pleaded guilty to conspiracy for his role in an insider-trading ring that reaped millions of dollars in illicit profits from Ukrainian hackers who pilfered corporate press releases before they were published.
Leonid Momotok, of Suwanee, Georgia, admitted he controlled a brokerage account used in a five-year scheme. At a hearing before U.S. Magistrate Judge Ramon Reyes, he admitted he placed and profited from trades based on information he knew was stolen.
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