Former Equifax Employee Pleads Guilty To Insider Trading

Sudhakar Reddy Bonthu is the second former Equifax employee to be charged with insider trading after the 2017 cyberattack. In March, U.S. Attorney for the Northern District of Georgia B.J. Pak was joined by federal prosecutors and the FBI to announce the indictment of another former Equifax employee, Jun Ying on insider trading charges. Ying was the former chief information officer at Equifax, faces up to 25 years in prison and civil penalties.

Tasnim Shamma / WABE

Former Equifax employee Sudhakar Reddy Bonthu pleaded guilty to insider trading Monday.

Bonthu was a software development manager at Equifax during a cyberattack last year that exposed personal information like social security numbers and birth dates of more than 147 million people.

Richard Best is director of the Securities and Exchange Commission’s regional office in Atlanta.