Dark Internet Person Recognised As “The Bull” Admits Guilt And Is Sentenced In Insider Trading Scheme | USAO-SDNY
Damian Williams, the United States Lawyer for the Southern District of New York, announced currently that APOSTOLOS TROVIAS, a/k/a “The Bull,” pled responsible and was sentenced before currently to time served, adhering to approximately eleven months in custody, in link with his plan to solicit and provide confidential, pre-release earnings, offer, and other info about community providers.
In accordance to the allegations in the Indictment, Criticism, statements produced in court docket, and court docket filings:
Given that at minimum in or about December 2016, APOSTOLOS TROVIAS, who identified himself by the pseudonym “The Bull,” had used sites on the Dark Internet and encrypted messaging solutions to solicit and sell confidential, non-community information about publicly traded businesses (“Inside Information”) to enrich himself. TROVIAS’s scheme consisted of several associated efforts to receive and monetize private nonpublic business data, which includes the sale of pre-launch earnings reviews and deal details misappropriated from publicly traded corporations.
Even further, in or about 2020, TROVIAS took actions to design and style and construct a web site to aid the acquire and sale of material, non-public info for use in inventory trading (the “Inside Information Auction Site”). TROVIAS planned to use the Within Information Auction Web-site to enrich himself by charging membership expenses and commissions from individuals applying the Inside Facts Auction Web site to interact in the illegal trade of Within Information.
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TROVIAS, 30, of Athens, Greece, had been arrested in the Republic of Peru in May well 2021 and arrived in the United States by extradition on March 25, 2021. TROVIAS was purchased to shell out forfeiture in the sum of $6,700.
Mr. Williams praised the outstanding work of the FBI. Mr. Williams even further thanked the U.S. Securities and Exchange Fee and the Interior Profits Assistance for their cooperation and support in this investigation.
The prosecution of this situation is remaining overseen by the Office’s Securities and Commodities Fraud Undertaking Pressure. Assistant U.S. Lawyers Matthew Podolsky and Andrew Thomas are in demand of the situation.