FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms
www.techspot.com
The indictment alleges that Viggiano, Forlano, and Salamone engaged in a scheme between October 2021 and May 2023 to profit in the stock market by strategically investing...

FBI indicts three in insider trading scheme that utilized Xbox 360 chat to hide comms | Ringleader could be looking at as much as 165 years in prison::undefined

  • sugarfree@lemmy.worldEnglish
    352·
    1 year ago

    Points for creativity, I guess? I’m pretty sure a Goldman Sachs analyst can figure out how to do it properly, though…

    • jetAEnglish
      121·
      1 year ago

      Fun fact, personal cell phones on the trading floor arnt allowed, to avoid unlogged comms by traders.

      • remotelove@lemmy.caEnglish
        12·
        1 year ago

        Aren’t trading floors mostly empty these days since trading is much more automated?

        • jetAEnglish
          15·
          1 year ago

          Yes, but as long as human traders exist, there is a need to log all of their communication to prevent malfeasance