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SEC sues 18 entities for alleged $1.3M ‘hacking and securities fraud scheme’

The U.S. SEC has filed a complaint against 18 individuals and entities in or from Canada, Cayman Islands, Dominican Republic, Nevis, United Kingdom, and United States for their alleged participation in a 'hacking and securities fraud scheme', with some of the conduct allegedly concealed through offshore accounts in the Bahamas, Belize, Switzerland, and U.K.