Slavic evangelical baptist church of brookhaven
Vitaly Korchevsky, the pastor of the Slavic Evangelical Baptist Church of Brookhaven, Pa., since its inception in 2003, was arrested in August, along with four other Ukrainians living in the US and connected to the alleged $30 million scheme.
Ukranian Hackers intercepted a press release for a now-bankrupt biotech company called Dendreon 27 minutes before it was released to the public. In that short time, Korchevsky bought 1,100 put options that earned him a profit of $2.3 million, prosecutors said.
A few months later, $400,000 from his brokerage account was used to buy real estate in nearby Glen Mills, Pa.. Late in 2011, the rest of the money was used to buy more real estate.
The government executed seizure warrants on 10 pieces of property Korchevsky owns as well as $5.4 million in bank and brokerage accounts.
Query:
Name four (4) of the possible outcomes that Korcvhevsky might face under the Securities Act of 1933?
