On Tuesday, the US and Israeli authorities in two separate incidents arrested four men for fraud schemes. Sources say that these also link to the data breach that struck JPMorgan Chase last year.
However, the court documents for either of the cases did not link them to the stealing of confidential details of the bank’s customers who numbered in millions.
One of the cases, related to a ring that was based in Israel and engaged in administering a pump and dump scheme for penny stocks traded in the US stock market. The other one conducted illegal transfer of US Bitcoin operation.
Some sources say that these four, along with another man who is still at large is connected to the hack that happened at the bank last year.
In last October, JPMorgan, the largest of the US banks said that hackers have gained access into information of about seventy six million individual clients and seven million businesses, including names and addresses.
In the stock scam case, the court documents said that Joshua Samuel Aaron who is still at large, Gery Shalon, and Zvi Orenstein earned millions through the operations of artificially pumping the prices of small stocks up while other investors suffered heavy losses.