UK Investment Advisor Nailed for Hacking Into US Investor Accounts

The U.S. Securities and Exchange Commission (SEC) sued a United Kingdom man accused of hacking into the online brokerage accounts of U.S. investors. Idris Dayo Mustapha allegedly placed unauthorized stock trades and hacked into accounts to buy more than $5 million in stocks of little-known companies in April and May. He also sold his own personal stocks at the same time. This cost his nine victims $289,000, while he made at least $68,000. Mustapha was charged with securities fraud.

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