December 05, 2016 BY LeapRate Staff
Expedia IT employee who hacked senior executives faces insider trading criminal charges
The U.S. Securities and Exchange Commission (SEC) has announced insider trading charges against a San Francisco-based IT specialist who allegedly hacked senior executives at online travel company Expedia Inc (NASDAQ:EXPE) and illegally traded on company secrets. The SEC alleges that Jonathan Ly, who worked in Expedia’s corporate IT services department, illegally traded in advance of nine…
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