Student Sought for Hacking Online Trading Accounts

Federal authorities are hunting for a 21-year-old Tampa student who allegedly cleared more than $80,000 last summer by hacking into online trading accounts and using the stolen funds to conduct a pump-and-dump scheme. In a lawsuit, securities regulators accused Aleksey Kamardin of buying over-the-counter stocks via his own eTrade account and then quickly reselling them after unnamed partners pumped up the prices using victims' hijacked accounts. Seventeen penny stocks were targeted.

  • Read the article: St. Petersburg Times