The Los Angeles Times is reporting that the rats who run Equifax dumped stock shares before the hack was announced.
The company maintains this is all just a big misunderstanding.
According to the Times, Sometime in May, hackers gained access to names, social security numbers and other information on up to 143 million U.S. consumers in Equifax’s files. The company said Thursday that it discovered the hack on July 29.
Three days later, according to Securities and Exchange Commission filings, CFO John W. Gamble sold 6,500 shares and John “Trey” Loughran III, president of Equifax’s U.S. Information Solutions business unit, sold 4,000 shares. The next day, Aug. 2, Rodolfo Ploder, president of another business unit, sold 1,719 shares. All shares sold for about $146 each.
After the hack announcement Equifax’s stock plummeted. These rats walked away with tons of cash.