Trump Media Says Truth API Draws 10+ Customers as Conflict Concerns Grow 
ASX Faces Legal Action Over Failed Blockchain CHESS Project 
US Judge Dismisses Gautam Adani Criminal Charges 
Bank of America to Buy Up to 49.9% Stake in Jio Credit for $1.92 Billion 
Airbus Joins Air India A320 Altitude Drop Probe 
SpaceX Shares Surge as Wall Street Backs AI Growth Potential 
ADNOC Gas Targets Up to $4B Profit in 2026 
Paramount Weighs CNN Sale as $110B Warner Bros. Discovery Deal Faces Antitrust Fight 
JPMorgan Plans More Asia-Pacific Hiring in 2027 as Corporate Banking Revenue Surges 
Super Micro Stock Jumps 19% as AI Server Demand Drives Strong 2027 Outlook 
Sanrio Shares Plunge as Q1 Profit Miss Overshadows Strong Sales 
Hims & Hers Shares Fall as GLP-1 Costs Widen Q2 Loss 
Antofagasta Shares Drop 5% as Miner Cuts 2026 Copper Production Forecast 
Cisco Forecasts Strong Fiscal 2027 Growth as AI Networking Demand Surges 
Natura Q2 Profit Plunges 92% as Financial Expenses Weigh on Earnings 
Google Pushes Gemini AI Overhaul as Sergey Brin Targets Model Supremacy 
Austal Shares Surge 16% as Hanwha Offers Up to $1.2 Billion for U.S. Shipbuilding Business 
Add as a preferred source on Google
A SpaceX engineer reportedly pleaded guilty of conspiracy to perpetrate securities fraud through selling insider information on the dark web. This is said to be the first case that was brought to the U.S. Securities and Exchange Commission involving violations in the deep web sphere.
About Elon Musk’s employees’ case
Reuters reported that the SpaceX’s engineers’ guilty plea was revealed by both the U.S. Department of Justice and the SEC on Thursday, March 18. The accused has been identified as James Roland Jones of Redondo Beach, California, and with the development in his case, he is facing a five-year imprisonment term in federal jail.
This is said to be the maximum penalty that Jones could get in his guilty plea. However, the official sentencing for the litigation has not been set yet.
The DOJ and the SEC disclosed that from the year 2016 until 2017, the SpaceX engineer conspired with someone whose identity was not revealed. The said person accesses different dark web marketplaces to look for material and confidential information that he can use for his own securities trading business.
Based on the report, Jones also concocted a plan to sell what he said were insider tips on the dark web though it appears that the info was actually false. He has been earning in this scheme as some people are purchasing the tips using bitcoin.
At any rate, the dark web is a part of the World Wide Web that is only accessible through the use of special software. It allows users and website operators to access the internet anonymously, and they couldn’t be traced either. This is usually used to host websites engaged in illegal activities.
Is SpaceX involved in the case?
It is not clear if Jones is currently working in SpaceX or he was already terminated. Moreover, the justice department did not reveal if the illegal trading was done while he was working for Elon Musk’s company or not.
It turned out that the FBI has been investigating his criminal case since 2017, and this led to the DOJ’s charges against him. But then again, despite his link to SpaceX, the SEC did not mention the company in Jone’s case. Meanwhile, the exchange commission, the DOJ, and SpaceX did not immediately respond to CNBC when asked for comments.
