Authorities arrested four people in Israel and Florida, and revealed a complex securities fraud scheme tied to the computer hacks of JPMorgan Chase & Co. and other financial institutions.

Behind the alleged crimes described Tuesday is a remarkable story of unpredictable alliances in modern computer crime involving, if true, a multilayered organization with tentacles reaching Moscow, Tel Aviv, and West Palm Beach.

Officials in Israel this morning picked up two men charged in the U.S. with running a multimillion-dollar stock manipulation scheme. A third person remains at large. In another case in Florida, officials arrested two men for operating an unlicensed money-transfer business using bitcoins.

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