Prosecutors stated that between 2016 and 2017, Jones bought names, birth dates, and social security numbers from the Dark Web to create fake accounts and carry out insider trading.
According to a press release from the US Department of Justice, a SpaceX engineer identified as James Roland Jones of Hermosa Beach, California, pleaded guilty this Thursday to trading insider tips on the dark web.
He conspired to commit securities fraud and bought and sold purported insider trading tips under the username MillionaireMike.
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It is alleged that he bought insider info from an undercover FBI agent in April 2017 through an insider trading forum on the Dark Web and told the agent that he had exclusive non-public info on another firm.
Employee purchased crucial data to open fake accounts
Prosecutors stated that between 2016 and 2017, Jones bought names, birth dates, and social security numbers from the Dark Web to create fake accounts and carry out insider trading.
In a separate set of charges, the Securities and Exchange Commission (SEC) claimed that Jones falsely claimed to have insider information and sold it to other Dark Web users for Bitcoin.
The SEC charged Jones with violation of the federal securities laws’ antifraud provisions and stated that he perpetuated a fraudulent scheme to sell insider tips, said a press release issued by DOJ on Thursday, Ma ..
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