Four Arrested in U.S., Israel for JPMorgan Chase Hacking

Law enforcement authorities arrested four people in Israel and Florida and revealed a complex securities fraud scheme tied to the computer hacks of JPMorgan Chase & Co. and other financial institutions. The arrests are the culmination of a months-long investigation of several friends who met more than a decade ago at Florida State University and are linked by an FBI memo to one of the largest U.S. bank hacks in history -- one that JPMorgan officials argued initially was the work of the Russian government.

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