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SEC Takes Action to Halt Online Account Intrusion and Identity Theft Scheme

News release: “The Securities and Exchange Commission…took action to stop a sophisticated Internet scheme that stole the identities of unsuspecting individuals and netted more than $66,000 in illicit profits in just seven weeks. In a complaint filed in the U.S. District Court for the Eastern District of New York, the SEC alleged that one or more unknown traders conducted their entire online account intrusion scheme over the Internet and concealed their identities by, among other things, fraudulently opening brokerage accounts in the names of individuals who responded to a job advertisement on the Web site Craig’s List.”

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