Technology

U.S. Justice Department investigating Equifax execs who dumped shares before announcing breach

7 years ago

Anonymous $wKBR2uNMvM

https://techcrunch.com/2017/09/18/u-s-justice-department-investigating-equifax-execs-who-dumped-shares-before-announcing-breach/

The U.S. Justice Department is said to be investigating the questionable sale of stock by Equifax executives in advance of the company’s public announcement of its massive data breach. The investigation is said to include U.S. prosecutors in Atlanta, the FBI and the Securities and Exchange Commission, according to a report this morning from Bloomberg.
Three executives, Chief Financial Officer and Corporate VP John Gamble, President of U.S. Information Solutions Joseph Loughran and President of Workforce Solutions Rodolfo Ploder all sold substantive amounts of Equifax stock between the time the company learned of the hack and the date the hack was publicly announced. These trades, amounting to $1.8 million, saved the three executives from feeling the financial windfall of the announcements.

U.S. Justice Department investigating Equifax execs who dumped shares before announcing breach

Sep 18, 2017, 6:19pm UTC

$wKBR2uNMvM

https://techcrunch.com/2017/09/18/u-s-justice-department-investigating-equifax-execs-who-dumped-shares-before-announcing-breach/ >The U.S. Justice Department is said to be investigating the questionable sale of stock by Equifax executives in advance of the company’s public announcement of its massive data breach. The investigation is said to include U.S. prosecutors in Atlanta, the FBI and the Securities and Exchange Commission, according to a report this morning from Bloomberg. >Three executives, Chief Financial Officer and Corporate VP John Gamble, President of U.S. Information Solutions Joseph Loughran and President of Workforce Solutions Rodolfo Ploder all sold substantive amounts of Equifax stock between the time the company learned of the hack and the date the hack was publicly announced. These trades, amounting to $1.8 million, saved the three executives from feeling the financial windfall of the announcements.