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Boston court sentences Russian millionaire to 9 years in prison for ‘hacking and insider trading scheme’

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« John Joseph Moakley United States Courthouse in Boston sentenced on Thursday Russian businessman Vladislav Klyushin to nine years in prison for his role in a nearly $100 million « stock market fraud scheme », that the US authorities claim that it has relied on secret earnings information stolen through the hacking of US computer networks.
The 42-year-old Russian businessman who ran a Moscow-based IT company with alleged ties to the Kremlin was arrested in Switzerland during a vacation with his family in 2021.
Businessman Klyushin was detained in Sion, Switzerland, in March 2021 and extradited to the US in December of that same year. In February 2023, he was found guilty of conspiring to obtain unauthorised access to computer networks, as well as wire fraud and securities fraud.
After the hearing, Klyushin’s lawyer Maksim Nemtsev said that they plan to appeal.
Earlier in May, Russian Foreign Ministry spokesperson Maria Zakharova said that Moscow was ‘deeply disappointed’ by the extradition and was ‘forced to conclude that the Swiss law enforcement agencies ignored lawyers’ arguments on the political component of the case and groundlessly rejected a counter request from our country’s Prosecutor General’s Office’.
Klyushin worked for the M-13 IT company in Moscow. According to the firm’s website, the Russian presidential administration, the Russian government and other state bodies use their IT solutions. »

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