BOSTON (AP) — A wealthy Russian businessman with ties to the Kremlin was sentenced Thursday to nine years in prison for his role in a nearly $100 million stock market cheating scheme that relied on secret earnings information stolen through the hacking of U.S. computer networks.
Prosecutors had sought 14 years in prison, saying a stiff punishment was crucial to send a message to overseas cybercriminals.
They then broke into the vendors’ computer systems to get filings before they became public, prosecutors said.
Klyushin owned a Moscow-based information technology company that purported to provide services to detect vulnerabilities in computer systems.
It counted among its clients the administration of Russian President Vladimir Putin and the Ministry of Defense, according to prosecutors.
Persons:
—, Vladislav Klyushin, Tesla, he's, Klyushin, who’s, ”, Prosecutors, Seth Kosto, ” Kosto, Maksim Nemtsev, Vladimir Putin, Klyushin's, Ivan Ermakov, Hilary Clinton’s, John Podesta, Ermakov
Organizations:
BOSTON, Kremlin, Authorities, Microsoft, U.S, Prosecutors, Securities and Exchange Commission, Ministry of Defense, Democratic Party, Democratic National Committee, Democratic Congressional
Locations:
Russian, Moscow, Boston, U.S, Switzerland, Russia