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by Mike Caswell

Leonid Momotok, one of the traders arrested in a $100-million newswire hacking scheme, has secured his release from jail on a $2-million appearance bond. (All figures are in U.S. dollars.) New York Judge Robert Levy granted the release in a court appearance on Thursday, Oct. 1. Six sureties, all from Washington State, agreed to pay the bond.

Prosecutors claim that Mr. Momotok was one of the traders who participated in a scheme to steal unpublished news releases from three wire services, including Toronto's Marketwired LP. His co-accused, operating from Ukraine, stole over 150,000 news releases from Marketwired alone, according to prosecutors. In one example, Mr. Momotok and two others made $950,000 in less than an hour acting on one of those releases, the government says.

BOOKING PHOTO

Leonid Momotok

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