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A former information technology specialist at Expedia has been charged with trading on nonpublic information he obtained by hacking the online travel agency’s head of investor relations and other senior executives.
The U.S. Securities and Exchange Commission said Jonathan Ly, 28, used his position in tech support to illegally trade Expedia stock options in advance of nine earnings and other news announcements from 2013 to 2016, generating nearly $350,000 in profits.
He allegedly accessed the email account of the head of investor relations...