A wealthy Russian businessman with ties to the Kremlin was sentenced on September 7 to nine years in prison for his role in a nearly $100 million stock-market cheating scheme. Vladislav Klyushin, who ran a Moscow-based information technology company that did work for the Russian government, was convicted in February in Boston on wire-fraud and securities-fraud charges. Authorities say he personally pocketed more than $33 million in the scheme, which involved breaking into computer systems to steal earnings-related filings for hundreds of companies and then using the information to make lucrative trades. To read the original story by AP, click here.
Russian Sentenced To Nine Years In Hacking Scheme Involving Securities Fraud
Vladislav Klyushin was extradited from Switzerland to the United States in December 2021.