On Tuesday, United States prosecutors has released information of the three men who were behind last year’s massive hack of J.P. Morgan Chase, who they also targeted other financial organizations such as E-Trade Financial services company (NASDAQ:ETFC), Scottrade Inc., and The Wall Street Journal’s Dow Jones & Co. The fraud schemes and computer hacking, which were operated by Grey Shalon, Ziv Orenstein, and Joshua Samuel Aaron, now face a 23-count indictment with suspected crimes against at least nine financial services companies and media outlets, and which involved online gambling websites, payment processing for criminals, and illegal bitcoin exchange, stated by Reuters. Anthony Murgio, who was the fourth man to be charged in a separate indictment, had connections with the illegal bitcoin exchange.
The charges on Tuesday, as mentioned by Reuters, are most likely tied to the J.P. Morgan Chase attack which conceded information in over 80 million customer accounts, which is now known as the largest theft of customer data from a United States financial establishment. Experts say that both Shalon and Aaron implemented the hacking by using a computer server in Egypt that was rented under a different name that Shalon frequently used. According to the indictment, the victims were mainly in the areas of New York, Boston, Omaha, St. Louis and Charlotte.
The leader of their pack, Shalon, and Orenstein were suspected of having to operate 12 illegal online gambling websites, which they collected $18 million due to payments, a method to process millions of dollars of transactions for crooks. The unlawful proceeds involved millions of dollars that was made from handling stock prices sold to customers whose information was stolen, from the indictment. Shalon hid at least $100 million in Swiss and other accounts, along with running illegal bitcoin exchange service known as Coin.mx, with Murgio.
In July, Shalon and Orenstein, of Israeli nationals were both arrested in Israel, along with Murgio, who is fraternity brothers with Aaron at Florida State. Aaron, who is a United States Citizen from Florida and resides in Israel, remains at large.