Boston: Five Russians, including a Kremlin-linked businessman now in US custody, have carried out a massive, $82 million insider trading scheme that allowed them to profit from corporate information stolen by hackers, US officials said on Monday. .
Vladislav Klyushin, the owner of a Moscow-based information technology company that prosecutors said had extensive ties with the Russian government, was extradited from Switzerland on Saturday to face conspiracy, securities fraud and other charges https://www. Download at .justice.gov/usao-ma/press-release/file/1457546/boston.
Klyushin, who was arrested in Switzerland during a ski trip in March, appeared briefly from a Massachusetts prison during a virtual court hearing, and a bail hearing was tentatively scheduled for Thursday.
Prosecutors accused him and others of trading on corporate earnings reports obtained by hacking the computer systems of two vendors that help companies file quarterly and annual reports with the US Securities and Exchange Commission.
Prosecutors said those companies include IBM Corp, Snap Inc and Tesla Inc.
He said that Klyushin, 41, and the employees of his company M-13 LLC traded for themselves as well as for customers in exchange for a cut in their profits.
The SEC said in a related lawsuit that the plan totaled at least $82.5 million from 2018 to 2020. https://www.sec.gov/litigation/complaints/2021/comp-pr2021-265.pdf
The defendants include Ivan Yermakov, an M-13 employee who was one of 12 alleged Russian military intelligence officers charged in 2018 https://www.reuters.com/article/us-usa-trump-russia-cyber/us -indictments-show-technical-evidence-for-russian-hacking-accusations-idUSKBN1K32X1 With hacking into the files of Democratic Party and presidential candidate Hillary Clinton for interfering in the 2016 election.
He remains at large with three other defendants: M-13 director Nikolai Rumiantsev and two Russian businessmen who, prosecutors say, traded on the hacked information, Mikhail Irzak and Igor Sladkov.
Klyushin’s lawyers called the case politically motivated and argued that the real reason they sought was his work and contacts within the Russian government, calling the case part of a hunt for Russians by Washington. .
But when Acting US Attorney Nathaniel Mendel insisted on Klyshin’s “extensive ties” with the Kremlin, he said officials did not know at the start of the two-year investigation “where the facts and the investigation would lead us.”
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