A Russian businessman with ties to Russian President Vladimir Putin was convicted of participating in a $90 million insider trading scam that relied on confidential information stolen from U.S. companies through computer hacking.
Vladislav Klyushin, 43, of Moscow, was accused offor hundreds of publicly traded Nasdaq and New York Stock Exchange-listed companies, including well-known firms like Roku, Snap and Tesla. Prosecutors said that Klyushin and four co-conspirators used that data to make profitable trades in advance of the public release of the information.
The Russian passport of Vladislov Klyushin, part of the government evidence entered into the record as exhibits in his trial.Klyushin was convicted of conspiracy, wire fraud and other charges following a 10-day trial in Boston. The charges carry a maximum prison sentence of more than 50 years.Klyushin was arrested when he flew in a private jet with his family to Switzerland for a ski vacation in March 2021. He was held there until he was flown to Boston in January 2022.
“It’s not a secret that his company had a series of government contracts in Russia, including with some of the national intelligence agencies," the lawyer, Oliver Ciric, said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US jury convicts Russian businessman in $90-million hacking and insider trading scheme | CNN PoliticsA federal jury in Boston has convicted a prominent Russian businessman for his alleged role in a $90-million insider trading scheme that involved hacking into companies and viewing financial data before it became public.
Read more »
Austin ordered to pay South Terminal operator $90 million in eminent domain fight at ABIAThe City of Austin has been ordered to pay the operator of ABIA's South Terminal $90 million in damages in order to evict the company so the building can be demolished.
Read more »
Thousands of Ukrainian children forced into vast Russian network of Russian camps, study findsRussia is running a sprawling network of camps as part of a systematic effort to relocate and re-educate thousands of children from Ukraine, according to a U.S. government-sponsored study.
Read more »
Putin’s War Fuels a Bitter Breakup With the Russian LanguageThe war in Ukraine has “accelerated” one country’s mission to move away from the Russian language.
Read more »
Russian general found dead weeks after being fired by PutinThe death is another in a line of mysterious casualties suffered by various Russians since the inception of the Ukraine war.
Read more »
Russian coup could give Putin advantages he desperately needsThe Russian president has been accused of plotting to overthrow Moldova's government.
Read more »