Three Israelis nabbed for massive US stock fraud scheme

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Police in Israel arrested three Israeli citizens allegedly tied to computer hacks of JPMorgan Chase & Co. and other financial institutions after a federal US agency charged them with a massive scheme aimed at pumping up stocks and defrauding investors, officials said Tuesday.

He said he did not have more information on the particulars of the case, which was unsealed by the US Securities and Exchange Commission Tuesday.

A fourth man was arrested in Florida in relation to the case, the Bloomberg Business news site reported. And a fifth man is still at large.

The SEC filed its complaint Tuesday in a Manhattan federal court, naming Joshua Samuel Aaron, Gery Shalon and Zvi Orenstein as the perpetrators of a “penny stock” fraud.

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