FBI, Israel Make Securities Fraud Arrests Tied to JPMorgan Hack

Michael Riley and Jordan Robertson report:

Law enforcement authorities arrested four people in Israel and Florida and revealed a complex securities fraud scheme tied to the computer hacks of JPMorgan Chase & Co. and other financial institutions.

Officials said a fifth person remains at large.

The morning arrests are the culmination of a months-long investigation of several friends who met more than a decade ago at Florida State University and are linked by an FBI memo to one of the largest U.S. bank hacks in history — one that JPMorgan officials argued initially was the work of the Russian government.

Read more on Bloomberg.

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