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People walk through the financial district by the New York Stock Exchange (NYSE) on August 14, 2024, in New York City. But one of the most damaging insider trading schemes in recent years can't be linked back to a U.S.-based trading floor or brokerage firm. As detailed in CNBC's new original podcast series "The Crimes of Putin's Trader," Russian entrepreneur Vladislav Klyushin's scam amassed more than $93 million as his cybersecurity firm M-13 was a front for Russian hackers to steal U.S. corporate earnings reports before they became public. Then, hackers traded based on those insights, buying and selling stock of well-known American companies like Tesla, Skechers, Snapchat and Roku. "Finances and banks and [the] financial sector itself is just one of the battlefields where the whole thing is happening."
Persons: Ivan Boesky, Martha Stewart, Mathew Martoma, Vladislav Klyushin's, Klyushin, Sandra Joyce, Eamon Javers, Javers, unconventionally, Vladimir Putin Organizations: New York Stock Exchange, SAC Capital Advisors, FBI, U.S, Department of Justice, Google, Intelligence, CNBC Senior Washington Locations: New York City, U.S, Russia, Russian, Switzerland, Eastern Europe
At the CIA's covert training facility near Williamsburg, Virginia, commonly called "The Farm," recruits are trained in the world of espionage and the many ways to get people to provide secret information. "We are in the head-hunting business, as we call it," Olson said. "We have to find individuals that we can induce to cooperate equally with us to give us their secrets." After Klyushin was arrested in Switzerland by U.S. authorities, one of the claims his lawyer made was that American intelligence officers had attempted to recruit Klyushin as a spy for the U.S. upon meeting him for the first time. However, as Olson explained to Javers, the way that intelligence officials approach that process is far different, something that he called "the recruitment cycle."
Persons: Jim Olson, , Eamon Javers, Olson, Javers, Vladislav Klyushin, Klyushin Organizations: Counterintelligence, Central Intelligence Agency, CIA, CNBC Senior Washington Locations: Williamsburg , Virginia, Moscow, Russian, U.S, Switzerland, American
The Department of Justice and eight states on Friday accused software company RealPage of unlawfully scheming to undermine competition among landlords and create a monopoly that harms millions of renters. RealPage “allows landlords to manipulate, distort, and subvert market forces,” the Justice Department said in a civil complaint in U.S. District Court in North Carolina. “At bottom, RealPage is an algorithmic intermediary that collects, combines, and exploits landlords’ competitively sensitive information,” the antitrust lawsuit said. “Antitrust law does not become obsolete simply because competitors find new ways to unlawfully act in concert,” Garland said. Democratic nominee Kamala Harris last week unveiled an economic plan that aims to lower rental costs in part by cracking down on the companies behind price-setting tools that let landlords collude.
Persons: , General Merrick Garland, ” Garland, , RealPage, Garland, Kamala Harris, — CNBC’s Eamon Javers Organizations: of Justice, Justice Department, DOJ, , Democratic Locations: U.S, North Carolina, , North Carolina , California , Colorado , Connecticut, Minnesota , Oregon , Tennessee, Washington
The cybersecurity scam targeted well-known American companies like Skechers, Snapchat and Roku. As Vladislav Klyushin's cybersecurity scam grew, collecting more than $93 million in less than three years, the FBI's investigation was closing in on unraveling his scheme. CNBC's new original podcast series "The Crimes of Putin's Trader" takes you inside the mission to put Klyushin behind bars. The third episode of the podcast details how Klyushin made a critical mistake, finally opening the door for U.S. law enforcement to step in. The latest episode of the original podcast series takes listeners through the action – right up to when Klyushin steps off the plane in Switzerland, completely unaware of his catastrophic mistake.
Persons: Klyushin, Vladislav Klyushin's cybersecurity, Vladislav Klyushin, Eamon Javers, , you've, Steven Frank, Javers, Frank, we're Organizations: FBI, U.S, U.S . Department of Justice, CNBC, Washington, Swiss Federal Police Locations: Russian, Russia, Moscow, U.S, Switzerland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDOJ sues real estate firm RealPage, claiming software enabled collusion on rentsCNBC's Eamon Javers reports on news from the Department of Justice.
Persons: RealPage, Eamon Javers Organizations: DOJ, Department of Justice
Then, they traded based on that insight, buying and selling stock from well-known American companies like Skechers, Snapchat and Roku. Vladislav Klyushin, who was sentenced to nine years in an American prison for his $93 million hack-to-trade conspiracy. "[They're] breaking into these American companies," said Steven Frank, a federal prosecutor familiar with the case. "Stealing information day after day…and just trading on it." Zoom In Icon Arrows pointing outwards The homepage for the Russian cybersecurity firm M-13, which was stealing financial information from American companies.
Persons: Vladislav Klyushin, Klyushin's, Roku, Tesla, Steven Frank, Klyushin, Massachusetts CNBC's Eamon Javers, Javers, , Evan Gershkovich, Ella Milman, Roberto Schmidt Organizations: Attorney's, Massachusetts, of Massachusetts, Tesla, FBI, U.S, Wall Street, Russia, Joint Base Andrews, Afp, Getty, CNBC Locations: Russian, U.S, Russia, Maryland
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPutin’s Trader: How Russian hackers stole millions from U.S. investorsRussian oligarch Vladislav Klyushin was the owner of a cybersecurity company in Moscow called M-13, but the firm was secretly a front for a hacking and insider trading operation that plagued Wall Street for years, generating more than $90 million in illicit profits. With exclusive access to the investigators who chased Klyushin around the globe, and an interview with a former Russian spy, CNBC’s Eamon Javers reveals the shocking details of this audacious criminal enterprise.
Persons: Russian oligarch Vladislav Klyushin, Klyushin, CNBC’s Eamon Javers Locations: Russian, Moscow
Prisoner swap underway between US, Russia, and other countries
  + stars: | 2024-08-01 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPrisoner swap underway between US, Russia, and other countriesCNBC's Eamon Javers reports the latest developments with the release of WSJ journalist Evan Gershkovich from Russia.
Persons: Eamon Javers, Evan Gershkovich Locations: US, Russia
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch 'Putin's Trader' — the biggest insider trading ring on Wall Street is in the KremlinRussian oligarch Vladislav Klyushin was the owner of a cybersecurity company in Moscow called M-13, but the firm was secretly a front for a hacking and insider trading operation that plagued Wall Street for years, generating more than $90 million in illicit profits. With exclusive access to the investigators who chased Klyushin around the globe, and an interview with a former Russian spy, CNBC's Eamon Javers reveals the shocking details of this audacious criminal enterprise.
Persons: Vladislav Klyushin, Klyushin, CNBC's Eamon Javers Organizations: Kremlin Locations: Moscow, Russian
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvan Gershkovich, Paul Whelan among Americans returning home from Russia in prisoner swapWall Street Journal reporter Evan Gershkovich and former U.S. Marine Paul Whelan were released by Russia in a major, multi-nation prisoner swap involving two dozen individuals. CNBC's Eamon Javers has the details.
Persons: Evan Gershkovich, Paul Whelan, U.S . Marine Paul Whelan, CNBC's Eamon Javers Organizations: U.S . Marine Locations: Russia
The Crimes of Putin’s Trader
  + stars: | 2024-07-29 | by ( Eamon Javers | ) www.cnbc.com   time to read: 1 min
Follow and ListenApple PodcastsSpotifyAmazon MusiciHeartRadioAbout The Crimes of Putin's TraderHosted by CNBC Senior Washington Correspondent Eamon Javers, this is the secret story of a young Russian oligarch who hacked his way to an illicit $93 million fortune...and the FBI team who finally brought him to justice. For generations, insider trading on Wall Street has been a crime of the American rich: the stereotype of corporate executives passing stock tips at country clubs was not far off. But new cyberwarfare techniques, and an aggressive anti-Western Putin regime in Moscow have turned this kind of insider corruption into an attack from the outside on the American economy itself, with profound implications for all of us who have retirement accounts, investments, or work in corporate America.
Persons: Eamon Javers Organizations: CNBC Senior Washington, FBI, Western Putin Locations: Russian, Western, Moscow, America
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBusiness leaders, donors react to President Biden's endorsement of Vice President Kamala HarrisCNBC's Eamon Javers joins 'Squawk Box' with the latest developments in the 2024 election.
Persons: Biden's, Kamala Harris CNBC's Eamon Javers Organizations: Email Business
JD Vance addresses the RNC: Here are the key takeaways
  + stars: | 2024-07-18 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJD Vance addresses the RNC: Here are the key takeawaysCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.
Persons: Vance, Eamon Javers
New GOP economic populism: Here's what to know
  + stars: | 2024-07-16 | by ( Eamon Javers | ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNew GOP economic populism: Here's what to knowCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.
Persons: Eamon Javers
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPresident Joe Biden: I'm not engaged in violent rhetoric, my opponent isCNBC's Eamon Javers joins 'Fast Money' to discuss President Biden's sit down with NBC's Lester Holt.
Persons: Joe Biden, I'm, Eamon Javers, Biden's, NBC's Lester Holt
Trump's VP pick is Sen. JD Vance
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTrump's VP pick is Sen. JD VanceCNBC's Eamon Javers joins 'Power Lunch' with breaking news from the RNC.
Persons: Sen, JD Vance CNBC's Eamon Javers Organizations: RNC
Florida judge dismisses Trump's classified documents case
  + stars: | 2024-07-15 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFlorida judge dismisses Trump's classified documents caseCNBC's Eamon Javers reports on news from one of former President Trump's pending trials.
Persons: Eamon Javers, Trump's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJustice Department to appeal dismissal of classified documents case against Donald TrumpCNBC's Eamon Javers joins 'Fast Money' to report on the Justice department plans to appeal the courts order to dismiss the classified documents case against Donald Trump.
Persons: Donald Trump CNBC's Eamon Javers, Donald Trump Organizations: Email, Department, Justice
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDonald Trump officially becomes the 2024 Republican nominee for presidentCNBC's Eamon Javers joins 'Closing Bell' to discuss the latest developments in the upcoming election cycle.
Persons: Donald Trump, CNBC's Eamon Javers
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupreme Court throws out decision that rejected Trump bid for immunity in election caseCNBC's Eamon Javers reports on news from the Supreme Court.
Persons: Trump, Eamon Javers
Democrats three paths forward with Biden after debate
  + stars: | 2024-06-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDemocrats three paths forward with Biden after debateCNBC’s Eamon Javers joins 'Power Lunch' to discuss Democrats choices for moving forward with the presidential election.
Persons: Biden, CNBC’s Eamon Javers
Supreme Court blocks Purdue Pharma bankruptcy settlement
  + stars: | 2024-06-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupreme Court blocks Purdue Pharma bankruptcy settlementCNBC's Eamon Javers reports the latest news on the Supreme Court.
Persons: CNBC's Eamon Javers Organizations: Purdue Pharma
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSupreme Court rejects challenge to Biden administration's social media contactsCNBC's Eamon Javers joins 'Squawk on the Street' to discuss the latest in politics.
Persons: Biden, CNBC's Eamon Javers
Auto dealer outage drags on
  + stars: | 2024-06-25 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAuto dealer outage drags onCNBC’s Eamon Javers with Proton’s Brad Holton and auto dealer John Hiester, join 'Power Lunch' to discuss cyber threats to automakers and dealers.
Persons: Eamon Javers, Brad Holton, John Hiester Organizations: Auto
CDK cyberattack hits U.S. auto dealers for third day in a row
  + stars: | 2024-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCDK cyberattack hits U.S. auto dealers for third day in a rowCNBC's Eamon Javers joins 'Squawk on the Street' with the latest news.
Persons: Eamon Javers
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