Joshua Samuel Aaron and his two accomplices are charged with massive hacking of US financial organizations, securities fraud and money laundering.

According to authorities he is behind the JP Morgan Chase accounts hack back in 2014 that targeted 83 million customers of JP Morgan.

The suspect, Joshua Samuel Aaron, 32, is believed to be the last at-large member of a gang of three alleged to be behind what the prosecutor’s office is calling the “largest theft of personal information” from an American bank. Scottrade and Dow Jones were also attacked. The operation in 2014 reportedly resulted in the theft of personally identifiable information of 83 million customers.

Aaron’s two alleged co-conspirators — Israeli citizens Gery Shalon and Ziv Orenstein — were arrested in Israel and then extradited to the U.S. in June.

According to the office of Manhattan U.S. Attorney Preet Bharara, the suspects used the stolen data to target individuals in “securities market manipulation schemes” that reportedly netted the accused $100 million.

“Joshua Samuel Aaron allegedly worked to hack into the networks of dozens of American companies, ultimately leading to the largest theft of personal information from U.S. financial institutions ever,” Bharara said in a statement on Wednesday.

The gang is believed to have targeted U.S. financial institutions, brokerage firms and financial news publishers. Individuals whose data was siphoned off in the cyberheist were targeted by the accused in a massive pump-and-dump stock scheme. Once a stock’s price rose, the gang would sell for huge profits, the FBI said.

Aaron faces 16 counts of securities fraud, wire fraud, computer hacking and identity theft. He pleaded not guilty before a magistrate judge.

LEAVE A REPLY