Russian businessman made millions in insider trading through hacking, U.S. says
By Nate Raymond
BOSTON (Reuters) – A Russian government-linked businessman who was extradited to the United States from Switzerland carried out a world, multi-million-dollar insider trading scheme using firm knowledge stolen from U.S. computer networks, prosecutors acknowledged on Monday.
Vladislav Klyushin, whose agency gives media monitoring and cybersecurity suppliers to purchasers along with the Russian authorities, was charged by federal prosecutors in Boston along with 4 completely different Russians.
Prosecutors accuse them of conspiring to commerce on private knowledge ahead of earnings bulletins by hacking into the networks of two distributors that help corporations submitting quarterly and annual research with the U.S. Securities and Exchange Commission.
Those corporations included IBM Corp, Snap Inc and Steel Dynamics Inc. The scheme netted the defendants tens of millions of {{dollars}} from 2018 to 2020, in accordance …