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

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« John Joseph Moakley United States Courthouse in Boston sentenced Russian businessman Vladislav Klyushin to nine years in prison for his role in a nearly $100 million ‘stock market fraud scheme’ on Thursday.
The authorities claimed the scheme was based on secret company information stolen by breaking into 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.
Klyushin was detained in Sion in March 2021 and extradited to the US in December 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 the decision.
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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