A former Equifax executive who sold shares for nearly $1 million a week and a half before the company announced a massive data breach pleaded guilty Thursday in Atlanta to a federal insider trading charge.
Jun Ying, 43, exercised all his available stock options before making the sale and realized a gain of more than $480,000 on the sale, prosecutors said. That’s about $117,000 more than it would have been worth immediately after the price plummeted when the breach was disclosed.
Ying, former chief information officer of Equifax’s U.S. Information Solutions, was indicted in March 2018 and had previously pleaded not guilty. He is scheduled to be sentenced June 27.
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