Ukrainians will pay US $ 30 Millions

The Ukrainian investment company and its manager agreed to pay $ 30 million to settle claims to the US Securities and Exchange Commission (SEC), which accused a number of market participants in conducting operations using non-public corporate information obtained by hackers.

The regulator's agreement with Jaspen Capital Partners and its director Andrei Supranonok must now be approved by the court, the American regulator said in a statement.

In August, the SEC filed 34 charges against market participants who allegedly took part in a scheme for using press releases stolen by hackers prior to their official publication by issuers. According to the regulator, violators earned more than $ 100 million on this scheme.

In particular, the Jaspen company and Supranonok, using non-public information, earned about $2010 million in 2015-25 from transactions with derivatives that allow betting on changes in stock prices - contracts-for-differences (CFDs), the SEC said.

The case was transferred to an American court, and the assets of the suspected market participants, including Jaspan, were frozen.

Jaspan and Supranonok did not admit, but did not deny the SEC's accusations, and agreed to return $30 million that they allegedly obtained illegally. The SEC said it will continue to prosecute the remaining 32 defendants.

The settlement agreement shows that even in cases where violators who make money using stolen non-public information and try to hide these actions with complex financial instruments are outside the US, they will still be caught in the end, the press release says SEC.

As Apostrophe reported, insider schemes were uncovered in the United States, according to which hackers, presumably from Ukraine and Russia, stole corporate messages in America, earning more than $30 million.

In August, the US Securities and Exchange Commission (SEC) opened a case of fraud against two well-known Ukrainian investment companies and six traders.