Motley Fool Hacker Gets 28 Months for Trading on Stolen Picks

An Idaho man who hacked the Motley Fool site and made millions of dollars trading on its stock recommendations before they were made public was sentenced to more than two years in prison.

David Stone, a freelance web developer, pleaded guilty in September to securities fraud. He was sentenced to 28 months on Tuesday by US District Judge Richard Berman in Manhattan.

Prosecutors said Stone used another person’s credentials to access Motley Fool’s internal systems in 2020, enabling him to see the popular personal finance site’s stock picks before they were released. Stone earned more than $4.8 million in profits …

Source: Motley Fool Hacker Gets 28 Months for Trading on Stolen Picks