Russian businessman made millions in insider trading through hacking, U.S. says
Information about Russian businessman made millions in insider trading through hacking, U.S. says
Kevin David Scam or Legit
By Nate Raymond
BOSTON (Reuters) – A Russian government-linked businessman who was extradited to the United States from Switzerland carried out a global, multi-million-dollar insider trading scheme using corporate information stolen from U.S. computer networks, prosecutors said on Monday.
Vladislav Klyushin, whose company offers media monitoring and cybersecurity services to clients including the Russian government, was charged by federal prosecutors in Boston along with four other Russians.
Prosecutors accuse them of conspiring to trade on non-public information ahead of earnings announcements by hacking into the networks of two vendors that help companies filing quarterly and annual reports with the U.S. Securities and Exchange Commission.
Those companies included IBM Corp, Snap Inc and Steel Dynamics Inc. The scheme netted the defendants tens of millions of dollars from 2018 to 2020, according …