WASHINGTON (Reuters) – An engineer working for Elon Musk’s SpaceX pleaded responsible on Thursday to conspiracy to commit securities fraud by promoting insider tips about the “darkish net”, the U.S. Division of Justice and Securities and Change Fee (SEC) mentioned on Thursday.
The case was the primary by which the SEC has introduced an enforcement motion alleging securities violations on the darkish net, it mentioned.
James Roland Jones of Redondo Seaside, California, faces a most penalty of 5 years in federal jail, the Division of Justice mentioned. A sentencing date has not but been set.
In response to the businesses, from 2016 till not less than 2017, Jones conspired with one other unnamed individual to entry varied darkish net marketplaces, together with a web site claiming to be an insider buying and selling discussion board, looking for materials, private data to make use of for his personal securities buying and selling.
The darkish net permits customers to entry the web anonymously and is commonly used to host web sites that assist criminal activity. Jones couldn’t be reached for remark.
Jones additionally devised a scheme to promote what he falsely claimed had been insider tips about the darkish net, the businesses mentioned. A number of customers paying in bitcoin bought the following pointers and finally traded primarily based on the knowledge Jones supplied, they mentioned.
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