In the summer of 2015, 53-year-old Vitaly Korchevsky, pastor of the Slavic Evangelical Baptist Church in Brookhaven, Pennsylvania, insisted to his congregants that his heart was “clean before the Lord” after he was arrested for his alleged involvement in what the FBI called the largest known computer hacking and securities fraud scheme. On Friday, however, Korchevsky, a former Morgan Stanley vice president, was
convicted of profiting at least $14 million from 2011 to 2015 by trading securities on information he got from earnings reports and other market-moving announcements stolen by Ukrainian hackers before they were released publicly, Bloomberg reported. Korchevsky and his co-defendant in the international scam, Vladislav Khalupsky, were found guilty of all counts related to the scheme, including conspiracy to commit wire fraud, computer intrusion and money laundering and two securities fraud charges. CONTINUE
