Infotech

Dark web: the dark side of the stock market



Posted on Nov 10, 2021, 5:00 PMUpdated Nov 10, 2021, 6:02 PM

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It is with the Stock Exchange as in life. Some would like there to be no more room for uncertainty and to know exactly what path their investments will take before subscribing them. How to be warned that stocks will rise or fall, because the risks of losses on the stock market do exist.

It is the temptation of insider trading. And the practice is almost as old as the Stock Exchange itself. It is now practiced on the dark web, the hidden face of the Internet, where all illicit activities thrive. A true pirate supermarket 2.0. Among them was “The Bull” whose real name was Apostolos Trovias, which sold confidential financial information, such as buyout plans or quarterly results of companies.

The undercover FBI

So many misdeeds which are now in the hands of American justice while undercover FBI agents managed to catch him by playing his game. The investigation will tell if the man had accomplices inside the companies that provided him with this confidential information. But this is just one of the dark web scams where everything is traded and dirty money is laundered blithely. The pandemic even benefited him.

The Story is a podcast of “Echoes” presented by Pierrick Fay. This episode was recorded in November 2021. Editor in chief: Clémence Lemaistre. Guest: Nessim Ait-Kacimi (journalist at the “Echos” Markets service). Director: Willy Ganne. Music: Théo Boulenger. Graphic identity: Upian. Photo: Dmytro Tyshchenko / Shutterstock. Sounds: “Le Sucre” (1978), “Back to the Future 2” (1989), “Demain à la Une” (1996), Ray Benson and Asleep at the Wheel, Teejayx6 “Dark Web”, Lenta.ru.

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