A former Expedia IT professional has admitted to illegally trading on secrets he discovered by hacking his own company's senior executives.
Jonathan Ly stole passwords and infiltrated devices belonging to Expedia's CFO and head of investor relations, which enabled him to make a series of stock option trades that earned him $331,000. Prosecutors say that, between 2013 and 2016, Ly exploited his ability to remotely access electronic devices used by Expedia execs to access documents and emails containing confidential information.
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