A Ukrainian company and its CEO agreed to pay $30M to settle federal charges of profiting from a massive, $100M newswire hacking scheme unveiled in August.
Jaspen Capital Partners Unlimited and CEO Andriy Supranonok allegedly reaped $25M by using information gleaned from press releases stolen from Business Wire, Marketwired and PR Newswire from 2010-15.
The SEC charged 34 in August in the large scheme, rocking the newswire companies with revelations of the data breach.
Jaspen and Supranonok were among defendants whose assets were frozen in the wake of the charges.
The scheme involved the sale of contracts-for-differences, or CFDs, a derivative that lets traders place highly leveraged bets on the direction of a stock's price movement, according to the SEC.
Jaspen's website describes the firm as a boutique investment banking firm based in the Ukrainian capital, Kiev.
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