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Pavel Pavlovich Dubovoy

Pavel Pavlovich DubovoyDubovoyDubovoy alternate

ALIASES: Павло Павлович Дубовий
DOB: February 18, 1983
HEIGHT: 6’0”
WEIGHT: 200 lbs


The indictment in this matter alleges that, beginning on or about February 2010, Pavel Pavlovich Dubovoy and other co-conspirators engaged in an international computer hacking and fraudulent securities trading scheme whereby they: (a) hacked into the computer networks of Marketwired, PR Newswire, and Business Wire; (b) stole confidential press releases containing material non-public information from the victim companies’ internal computer networks prior to their public release; and (c) traded ahead of the material non-public information contained in the stolen releases before its distribution. During the course of the scheme, the co-conspirators accessed more than 150,000 stolen releases and executed profitable trades based on the material non-public information contained in the stolen releases. In total, the scheme generated more than $30 million in illicit trading profits.

The hackers shared the stolen press releases with Dubovoy and other complicit traders, using overseas computer servers that they controlled. In a series of emails, the hackers even shared “instructions” on how to access and use an overseas server where they shared the stolen releases with the traders, and the access credentials and instructions were distributed amongst Dubovoy and the other traders.

On August 10, 2015, a federal grand jury in the District of New Jersey charged Dubovoy with wire fraud conspiracy, securities fraud conspiracy, wire fraud, securities fraud, and money laundering conspiracy.

The prosecution is being handled by the U.S. Attorney’s Office in New Jersey and the U.S. Department of Justice Criminal Division’s Computer Crime and Intellectual Property Section.

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The charges and allegations contained in the indictment are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

If you have information regarding this individual, please contact the U.S. Secret Service at