SpaceX engineer pleads guilty to secretly selling ‘insider tips’ on dark web

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A SpaceX engineer has pleaded guilty to selling what he referred to as “insider tips” on the dark web.

The US Securities and Exchange Commission (SEC) charged James Roland Jones with perpetuating a fraudulent scheme between 2016 and 2017 using illicit online marketplaces.

The complaint alleges that Mr Jones informed his own securities trading using insider trading forums on the dark web – a secretive section of the internet that requires a specialist browser to access.

The case marks the first time that the SEC has pursued enforcement action involving alleged securities violations on the dark web.

“This case shows that the SEC can and will pursue securities law violators wherever they operate, even on the dark web,” said David Peavler, director of the SEC’s Fort Worth regional office.

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