Although Microsoft’s Xbox 360 game console is “old”, it can still exert some “value” outside of games.
According to the FBI, a former financial analyst named Anthony Viggiano used the Xbox 360 online chat feature to send illegal insider trading messages in a multiplayer game. He was arrested earlier this week on eight counts of security fraud and one count of conspiracy.
On inquiry about the FBI indictment and it is found that Anthony Viggiano sent illegal insider financial trading information to his childhood friend Christopher Salamone from July 2021 to May 2023 while working as a financial analyst at Goldman Sachs.
The FBI investigated the pair in June 2023, and a recording of the interview revealed that the pair thought chatting using an Xbox 360 gaming console would not be traced.
Anthony Viggiano’s alleged insider trading would have been discovered regardless of the method used, the FBI said. If he is found guilty, each securities fraud charge carries a maximum penalty of 20 years in prison, while the conspiracy charge carries a maximum penalty of five years in prison. Salamone is charged with three counts of securities fraud and one count of conspiracy.
