It is said that at least 60 customers and nine brokerage firms have been victimised. One brokerage firm reported losses as high as more than two million dollars.
Jaisankar Marimuthu, who was extradited to the US for trial, pleaded guilty on Friday to one count of conspiracy to commit wire fraud, securities fraud, computer fraud and aggravated identity theft, and to one count of aggravated identity theft before US District Magistrate Judge FA Gossett III in Omaha, Nebraska.
A federal grand jury in Omaha, Nebraska, has indicted three Indians on charges of hacking into online brokerage accounts of others using stolen usernames and passwords for making big time profit.
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