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Hackers infiltrated the computer systems of JPMorgan Chase, DOW Jones and 10 other finance companies, using the data to operate stock schemes, illegal online casinos and securities fraud. According to charges by the feds on Tuesday, the hackers made out with hundreds of millions of dollars.

Files of the indictments were unsealed on Tuesday in New York District Court. US Attorney Preet Bharara commented on the hack of JPMorgan Chase in 2014, calling the breaches “breathtaking in scope and in size. The defendants allegedly stole personal information of over 100 million customers, including 83 million customers from one bank alone, the single largest theft of customer data from US financial institutions ever.”

The suspects are Israeli citizens Gery Shalon and Ziv Orenstein, currently being held by Israeli authorities, while U.S. citizen Joshua Aaron has eluded custody. He is thought to be in Russia. The three men had been working together since 2007.

They used fake IDs and passports to operate a false stock buying and selling business, then laundered the money through shell companies in various countries. They also operated an illegal Bitcoin exchange, the largest and most valuable crypto-currency that makes transactions very difficult to trace.

Bharara seemed astonished at the vastness of the scheme, saying “In our view, the conduct alleged in this case shows a brave new world of hacking for profit. It is no longer hacking merely for a quick payout. Rather, it is hacking in support of a diversified criminal conglomerate. It is hacking to locate victims, it is hacking to spy on the competition, it is hacking to maximize profit. In short, it is hacking as a business model.”

The U.S. government released some of the email communication between the hackers, in which Shalon professes the gullibility of the American business community. Shalon said that buying stocks in the United States is “like drinking freaking vodka in Russia.”

It should not come as much of a surprise that American stock brokers and financial businesspeople are thought of as easy prey by nationals of other countries. The U.S. has become notorious for a corrupt Wall Street, which contributed to the financial crash of 2008 and following recession. Banks like JPMorgan Chase, one of the targets of the hacking scam, knowingly gave out high interest loans for mortgages and credit cards to consumers that couldn’t afford payments. When borrowers are unable to pay back the minimum amounts, they are forced into late fees and rising interest rates, thereby accumulating more debt. The credit industry generally makes higher profits when borrowers are underwater.

Shalon also apparently felt safe operating the scheme in Israel, stating in the emails, “There is nothing to be afraid of in Israel.”

While both the U.S. and Israel operate vast internet spying and data collection networks, the U.S. has been more interested than Israel lately in prosecuting cyber-criminals.

In May 2015, American citizen Ross Ulbricht was sentenced to life in prison after being found guilty of money laundering, computer hacking and narcotics trafficking. These charges stem from his work on Silk Road, the anonymous and decentralized online black market place, since shut down by the FBI.

Israel has yet to prosecute a high-profile cyber criminal case, instead the country seems focused on spying on its Arab neighbors.

The three suspected scammers were charged in a 23-count, 68-page ­indictment with computer hacking, securities and wire fraud, identity theft, Internet gambling and money laundering.

If convicted, they will face many years in jail.