U.S. authorities have stopped an Internet criminal known as “Taurus” for selling insider information about companies that are publicly traded on the dark network.
In last days, the U.S. Southern District of New York, and the FBI’s field office in New York have sealed a criminal indictment and report against Greek citizen Apostolos Trovias, who goes under the pseudonym Taurus on a dark network, as well as on encrypted messaging and email services. Trovias is accused of selling stock advice based on confidential customer trading information, pre-issue earnings reports and business information.
He is charged with one count of securities fraud and one count of money laundering, each containing maximum sentences of between 20 and 25 years in prison.
According to New York authorities, Trovias sold insider information to individuals in a variety of ways. From 2016 to 2017, he sold stock tips on a site on the dark web known as AlphaBay market, which was the largest criminal market for illegal goods on the Internet before it was shut down.
Trovias, however, did not limit himself to AlphaBay and probably had to find another medium for his activities when that site disappeared. Authorities say he decided to use the direct consumer method between 2017 and 2020 and used encrypted messages and email services to communicate with customers. One of his notable transactions included a preliminary report on the earnings of a publicly traded company, which he sold for about $ 5,000 in bitcoins.
Taurus then reportedly decided to increase his insider trade, taking steps to design and build a website to sell his data. He planned to charge membership fees and commissions from people who used the information he provided, authorities said.
U news on the charges, William F. Sweeney Jr., assistant chief executive of the FBI’s field office in New York, warned that his agency was visiting the same places as Trovias.
“The FBI also operates within the Dark Web,” Sweeney said. “[W]Don’t stop law enforcement just because you commit federal crimes behind a router with a keyboard. “
Given the recent discovery used by the FBI fake encrypted phones with honey to track and arrest to individuals in transnational criminal organizations, this seems like an understatement. Morality of the story: Do not commit crimes on the Internet. Or at all, please.