(Bloomberg) -- A Ukranian hacker pleaded guilty to stealing unpublished news releases that helped a criminal network make $30 million by trading on nonpublic information about corporate earnings.
Vadym Iermolovych, 28, admitted Monday in federal court in Newark, New Jersey, that he worked with two other Ukranian hackers to steal 150,000 releases from computer networks at PR Newswire, Business Wire and Marketwired. He is the fourth person to plead guilty in Newark or Brooklyn, New York, and the first hacker to do so.
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