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Wealthy Russian with Kremlin ties gets 9 years in prison for hacking and insider trading scheme | #hacking | #cybersecurity | #infosec | #comptia | #pentest | #hacker


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ALANNA DURKIN RICHER / Associated Press



FILE – This image provided by the U.S. Attorney’s Office, shows a Russian passport of Vladislav Klyushin, part of the government evidence entered into the record as exhibits in Klyushin’s trial. Klyushin was sentenced Thursday, Sept. 7, 2023, 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. ( U.S. Attorney’s Office via AP)

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.

Vladislav Klyushin, who ran a Moscow-based information technology company that did work for the highest levels of the Russian government, was convicted in February of charges including wire fraud and securities fraud after a two-week trial in federal court in Boston.

Authorities say he personally pocketed more than $33 million in the scheme, which involved breaking into computer systems to steal earnings-related filings for hundreds of companies — including Microsoft and Tesla — and then using that insider information to make lucrative trades.

Klyushin,

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