UPDATE 1-New guilty plea, charges in global press release hacking scheme
(Recasts to incorporate third guilty plea, other details; adds byline)
By Jonathan Stempel
Feb 18 (Reuters) - A third trader has entered a guilty plea over what U.S. authorities have called a more than $100 million international scheme to hack into newswires that distribute corporate press releases, and use stolen information to conduct insider trading.
Arkadiy Dubovoy, 51, pleaded guilty on Thursday to one count of conspiracy to commit wire fraud, according to U.S. Attorney Paul Fishman in New Jersey.
Dubovoy, of Alpharetta, Georgia, entered his plea before U.S. District Judge Madeline Cox Arleo in Newark, New Jersey. He faces up to 20 years in prison but will likely get much less under recommended federal sentencing guidelines.
The defendant pleaded guilty a day after the U.S. Securities and Exchange Commission announced civil charges against nine new defendants, in addition to at least 33 it previously charged.
Nine defendants have been criminally charged in Newark or in Brooklyn, New York by the U.S. Department of Justice.
A lawyer for Dubovoy was not immediately available for comment.
Authorities have said the scheme centered on the theft by Ukraine hackers Oleksandr Ieremenko and Ivan Turchynov of more than 150,000 press releases from Business Wire, Marketwired and PR Newswire from February 2010 to August 2015. Continuación...