Georgia man pleads guilty in insider trading hacking case

Leonid Momotok, 48, pleaded guilty in federal court in Brooklyn to one count of conspiracy to commit wire fraud, for his role in an alleged scheme that involved the theft of more than 150,000 unpublished press releases from Business Wire, Marketwired and PR Newswire. "I profited from these trades," Momotok told U.S. Magistrate Judge Ramon Reyes. "Using non-public press releases stolen by overseas hackers, Momotok and his group of traders engaged in a brazen scheme that was unprecedented in its s