Former Equifax Executive Accused Of Insider Trading

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 Jun Ying. Ying faces up to 25 years in prison and civil penalties for charges of insider trading. Ying, the former chief information officer at Equifax, will have his first court appearance Thursday morning.

Tasnim Shamma / WABE

A former Equifax executive was indicted by a federal grand jury on a charge of insider trading this week.

Equifax’s former chief information officer, Jun Ying of Atlanta, allegedly sold $950,000 worth of stock about a week before the Atlanta-based credit reporting agency made a massive data breach public on Sept. 7.

On Friday, Aug. 25, 2017, about two weeks before the company made the data breach public, Ying texted a co-worker and wrote: “Sounds bad. We may be the one breached.”