Damian Williams, the United States Legal professional for the Southern District of New York, announced nowadays that APOSTOLOS TROVIAS, a/k/a “The Bull,” pled guilty and was sentenced before currently to time served, next around eleven months in custody, in relationship with his scheme to solicit and market confidential, pre-launch earnings, offer, and other facts relating to general public corporations.
In accordance to the allegations in the Indictment, Complaint, statements built in courtroom, and courtroom filings:
Given that at the very least in or about December 2016, APOSTOLOS TROVIAS, who identified himself by the pseudonym “The Bull,” had employed web-sites on the Dim Website and encrypted messaging services to solicit and sell private, non-public information about publicly traded corporations (“Inside Information”) to enrich himself. TROVIAS’s plan consisted of multiple related efforts to receive and monetize private nonpublic business details, which includes the sale of pre-release earnings reviews and deal information misappropriated from publicly traded corporations.
Even more, in or about 2020, TROVIAS took actions to style and design and build a site to facilitate the acquire and sale of content, non-public info for use in inventory trading (the “Inside Details Auction Site”). TROVIAS prepared to use the Inside of Data Auction Website to enrich himself by charging membership costs and commissions from folks using the Within Details Auction Web page to engage in the illegal trade of Inside of Details.
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TROVIAS, 30, of Athens, Greece, had been arrested in the Republic of Peru in Might 2021 and arrived in the United States by extradition on March 25, 2021. TROVIAS was ordered to pay out forfeiture in the quantity of $6,700.
Mr. Williams praised the excellent operate of the FBI. Mr. Williams additional thanked the U.S. Securities and Trade Commission and the Inner Revenue Provider for their cooperation and help in this investigation.
The prosecution of this circumstance is currently being overseen by the Office’s Securities and Commodities Fraud Task Power. Assistant U.S. Attorneys Matthew Podolsky and Andrew Thomas are in charge of the circumstance.