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Russian businessman gets 9 years in US prison for hack-and-trade scheme

BOSTON (Reuters) -A Russian businessman with ties to the Kremlin was sentenced on Thursday to nine years in a U.S. prison after being convicted of participating in a $93 million insider-trading scheme involving hacked secret earnings information about multiple companies. Vladislav Klyushin, the owner of a Moscow-based information technology company called M-13 that did work for the Russian government, was sentenced by U.S. District Judge Patti Saris in Boston after a jury found him guilty in February. Hackers from 2018 to 2020 viewed and downloaded yet-to-be-announced earnings reports for hundreds of companies including Tesla and Microsoft, which Klyushin and others used to trade before the news was public, according to prosecutors. ....

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Russian businessman gets 9 years in US prison for hack-and-trade scheme

Russian businessman gets 9 years in US prison for hack-and-trade scheme
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Russian national with ties to Putin convicted of hacking U.S. companies in $90 million insider trading scheme

On Tuesday, a federal jury in Boston has arrested a well known Russian businessman for his alleged role in a $90-million insider trading scheme that included hacking into companies and viewing financial data before it became public.In a statement, the Justice Department said that, Vladislav Klyushin, whose cybersecurity firm allegedly made a contract with the Kremlin, was arrested post a 10-day trial of conspiring to commit wire and securities fraud, and of a hacking-related charge. ....

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