Nokia Paid Blackmailers Six Years Ago, Altering Future

Mark Melin

Published onJune 17, 2014

Updated on May 13, 2021

Nokia Corporation (ADR) (NYSE:NOK) paid several million euros in blackmail to keep confidential the source code used for its phone’s operating system, Reuters and a Finnish TV station is reporting.

Six years ago the criminals had threatened to reveal the source code used in their smartphone’s operating system unless they received a cash payment. Reuters is reporting that the case is still open and those who took the cash payment remain unidentified.

Nokia contacts Finnish police after receiving blackmail request

According to the Finnish TV report, after they received the blackmail request, Nokia Corporation (ADR) (NYSE:NOK) (BIT:NOK1V) (HEL:NOK1V)...

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Mark Melin

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.

Nokia Paid Blackmailers Six Years Ago, Altering Future

Nokia contacts Finnish police after receiving blackmail request

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