Description: Agency still in wake of data breach that compromised personal information of around 150 million Americans
Date: 2018-03-14T11:52:20-05:00

Equifax Exec Charged With Insider Trading » Alex Jones' Infowars: There's a war on for your mind!

Image Credits: Pixabay.

Looks like Democratic Senator Heidi Heitkamp is getting her wish.

After demanding that “somebody needs to go to jail” during a Congressional hearing about the Equifax breach late last year, the Department of Justice on Wednesday charged Jun Ying, the former chief information officer of one Equifax business unit, with insider trading, claiming he knowingly sold shares before the company revealed a massive data breach last year.

As has been reported, three Equifax executives sold shares worth almost $1.8 million in early August, during the period when the company had discovered the hack, but it had not yet been publicly disclosed, according to the Financial Times.

Ying reportedly sold $1 million on stock after learning of the breach, prosecutors said.

As we pointed out at the time, soaring put volume in Equifax shares ahead of the announcement was indicative of “massive insider selling” – which would suggest that the money disclosed so far is only the tip of the iceberg.

The SEC said Ying had avoided more than $117,000 in losses by disposing of his shares before the breach became public.

“This defendant took advantage of his position as Equifax’s USIS Chief Information Officer and allegedly sold over $950,000 worth of stock to profit before the company announced a data breach that impacted over 145 million Americans,” said Byung Pak, US attorney for the northern district of Georgia.

According to Bloomberg, Ying allegedly used confidential information entrusted to him by the company to determine it had been hacked, the SEC said. The US Attorney’s office in Atlanta has also filed criminal charges against Ying.

Sensitive financial data from more than 150 million Americans was stolen by hackers during the heist, which investigators swiftly discovered could’ve easily been prevented if the company had bothered to install one routine patch to its security system. Perhaps it would’ve been more careful about security if its chief information security officer had an appropriate background. Instead, the former Equifax executive had earned a degree in Fine Arts from the University of Georgia.

Back in September, the US DOJ opened a criminal probe into whether top Equifax officials had violated insider trading laws. As we’ve noted, three Equifax Inc. senior executives, Chief Financial Officer John Gamble, and Presidents Joseph Loughran and Rodolfo Ploder, sold shares in the days after the company discovered the breach. Ying’s selling was not previously widely known. In an internal probe, Equifax determined that none of the executives knew about the breach when they sold the shares, per CNN.

# Related Articles

### McDonald’s Staff Quit – New Tech Makes Taking Orders ‘Too Complicated’

Economy
Comments

### Trump to Bring “Phase Two” of Tax Cuts

Economy
Comments

### Home prices soar high as Federal Reserve hopes to avoid big crash

Economy
Comments

### Eliminate State Interference To Compete With China

Economy
Comments

### America’s Forgotten Steel Workers Praise Trump Tariffs – ‘He’s a Godsend’

Economy
Comments

# Comments

Secret 12 – Vitamin B12
Limited Advanced Release
39.95
29.95
Discover the benefits of super advanced vitamin B-12 with the Infowars Life Secret 12 proprietary formula.
https://www.infowars.com/wp-content/uploads/2015/10/s12-300.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/secret-12-vitamin-b12-2.html?ims=idwpx&utm_campaign=Secret+12&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Secret12
https://www.infowarsstore.com/health-and-wellness/infowars-life/secret-12-vitamin-b12-2.html?ims=idwpx&utm_campaign=Secret+12&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Secret12
Survival Shield X-2
39.95
29.95
Leading the way into the next generation of super high quality nascent iodine, the new Infowars Life Survival Shield X-2 is now here.
https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/survival-shield-x-2-nascent-iodine.html?ims=bswka&utm_campaign=Survival+Shield+X-2&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Survival+Shield+X-2
https://www.infowarsstore.com/health-and-wellness/infowars-life/survival-shield-x-2-nascent-iodine.html?ims=bswka&utm_campaign=Survival+Shield+X-2&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Survival+Shield+X-2
Secret 12 – Vitamin B12
39.95
29.95
Discover the benefits of super advanced vitamin B-12 with the Infowars Life Secret 12 proprietary formula.
https://www.infowars.com/wp-content/uploads/2015/10/s12-300.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/secret-12-vitamin-b12-2.html?ims=idwpx&utm_campaign=Secret+12&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Secret12
https://www.infowarsstore.com/health-and-wellness/infowars-life/secret-12-vitamin-b12-2.html?ims=idwpx&utm_campaign=Secret+12&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Secret12
Survival Shield X-2
39.95
29.95
Leading the way into the next generation of super high quality nascent iodine, the new Infowars Life Survival Shield X-2 is now here.
https://www.infowars.com/wp-content/uploads/2016/02/x2-200.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/survival-shield-x-2-nascent-iodine.html?ims=bswka&utm_campaign=Survival+Shield+X-2&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Survival+Shield+X-2
https://www.infowarsstore.com/health-and-wellness/infowars-life/survival-shield-x-2-nascent-iodine.html?ims=bswka&utm_campaign=Survival+Shield+X-2&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Survival+Shield+X-2
Brain Force Plus
39.95
29.95
Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS
https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/brain-force.html?ims=akmnp&utm_campaign=Brain+Force+Plus&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Brain+Force+Plus
https://www.infowarsstore.com/health-and-wellness/infowars-life/brain-force.html?ims=akmnp&utm_campaign=Brain+Force+Plus&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Brain+Force+Plus
Brain Force Plus
39.95
29.95
Flip the switch and supercharge your state of mind with the all-new Brain Force PLUS
https://www.infowars.com/wp-content/uploads/2016/02/bf-300-1.jpg
https://www.infowarsstore.com/health-and-wellness/infowars-life/brain-force.html?ims=akmnp&utm_campaign=Brain+Force+Plus&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Brain+Force+Plus
https://www.infowarsstore.com/health-and-wellness/infowars-life/brain-force.html?ims=akmnp&utm_campaign=Brain+Force+Plus&utm_source=Infowars+Widget&utm_medium=Infowars.com&utm_content=Brain+Force+Plus