Bloomberg Law
March 18, 2021, 10:56 PM

Spacex Engineer Pleads Guilty to Insider Trading Using Dark Web

Matt Robinson
Matt Robinson
Bloomberg News

A Spacex engineer pleaded guilty to insider trading after buying information off the dark web with the goal of profiting from illegal tips about companies, U.S. prosecutors said Thursday.

From 2016 to 2017, James Roland Jones used the moniker “MillionaireMike” to illegally purchase names, dates of birth, and Social Security numbers to open a fraudulent brokerage account, according to a Justice Department statement. Through that account and others, Jones traded on tips, one of which was provided to him by an undercover FBI agent, according to the statement.

An attorney representing Jones didn’t immediately respond to a request for ...

Learn more about Bloomberg Law or Log In to keep reading:

Learn About Bloomberg Law

AI-powered legal analytics, workflow tools and premium legal & business news.

Already a subscriber?

Log in to keep reading or access research tools.