The Register: Ukrainian hackers help Philadelphia pastor in $100 million newswire-tapping heist

Published July 11, 2018. Updated July 11 at 11:55 am

Security Service of Ukraine officers arrest Vladislav Khalupsky, U.S trader with Ukrainian roots, suspected of financial fraud and involvement in laundering $30 million on U.S international arrest warrant in Odesa in February.

Photo by Courtesy of Yuri Lutsenko/Facebook

Two former investment bankers, one of whom is also a priest, have been found guilty of an elaborate scam – hacking newswires to read press releases prior to publication, and trade millions using this insider information.

Vitaly Korchevsky, formerly a veep at Morgan Stanley and a pastor at the Slavic Evangelical Baptist Church in Philadelphia, USA, and ex-broker Vladislav Khalupsky were this month found guilty of securities fraud by a jury in New York, and are facing 20 years in the slammer.