The market manipulation scheme ran from 2012 to mid-2015. In addition to the hacks on the U.S. financial sector, the defendants targeted other companies and laundered their “vast criminal proceeds” through at least 75 shell entities, according to the indictment.
U.S. Attorney Preet Bharara in Manhattan has scheduled a press conference for Tuesday to explain the charges.
Murgio was previously tied to a cyber-attack on JPMorgan in an FBI memo.