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☆ Wealthy Russian With Kremlin Ties Gets 9 Years in Prison for Hacking and Insider Trading Scheme
  + stars: | 2023-09-07 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +5 min
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
☆ Kremlin-linked Russian businessman faces U.S. trial for hack-and-trade scheme
  + stars: | 2023-01-30 | by ( Nate Raymond | Thomson Reuters | Nate Raymond Reports On The Federal Judiciary | ) www.reuters.com   time to read: +3 min
[1/3] Vladislav Klyushin, an owner of an information technology company with ties to the Russian government, is seen in an undated photograph attached to a U.S. Department of Justice filing. of Justice/Handout via REUTERSBOSTON, Jan 30 (Reuters) - A wealthy Russian businessman with ties to the Kremlin faces trial on Monday on U.S. charges that he participated in a vast scheme that generated tens of millions of dollars in illegal trading profits using corporate information stolen through hacking. The three-week trial comes at a low point in U.S.-Russia relations following Russian President Vladimir Putin's invasion of Ukraine last year. And while the case against Klyushin, who has pleaded not guilty, predates the war, his connections to the Kremlin have long intrigued U.S. authorities. Reporting by Nate Raymond in Boston; Editing by Alexia Garamfalvi and Daniel WallisOur Standards: The Thomson Reuters Trust Principles.
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