A Former Goldman Sachs Analyst Indicted for Insider Trading May Have Been Caught by Xbox 360 Chat

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A former Goldman Sachs investment is recorded admitting to passing on insider trading tips, possibly using Xbox 360's voice chat feature.

While it’s unclear from the indictment whether the FBI actually obtained recordings of illicit stock tips provided by Viggiano over Xbox 360 voice chat, it seems that the possibility they existed was enough to flip his co-conspirator. Salamone, who was arrested along with Viggiano on September 28, has already pleaded guilty to charges of securities fraud.

Multiplayer hacks are probably what comes to mind for most gamers when they think about illicit activities occurring on their system of choice. But this unusual case shows how consoles’ online infrastructure can be used in an even more nefarious manner. And while this blatant misuse of the Xbox 360’s voice chat feature alone may not be solely responsible for Viggiano’s

 

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