Scottrade sues hacker

Barbara Leonard reports:

A Russian hacker broke into online brokerage accounts and stole hundreds of thousands of dollars from its customers in a “hack, pump and dump” scheme, Scottrade claims in Federal Court. Defendant Valery Maltsev responded in a statement that said, in part: “Scottrade investors didn’t even see that money were going away from their accounts, they were not noticing that for six months! I can’t understand that.”

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