6 years ago
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Former Equifax executive charged with insider trading for dumping nearly $1 million in stock ahead of data breach
A former Equifax executive faces insider trading charges for dumping nearly $1 million of company stock just days before the credit reporting company announced a massive data breach last summer. The U.S. attorney in Atlanta said Jun Ying, 42, was indicted Tuesday by a federal grand jury on criminal charges. The Securities and Exchange Commission filed civil insider trading charges on Wednesday.
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If we go with the $700 million fraud case settled for a $500K fine and a promise not to do it again for 10 years, this one should settle out at for a bit over $71K and a promise not to do it again for a week.