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Sunday, February 9, 2025

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US court finds Russian businessman guilty of fraud

A US court has found Russian businessman Vladislav Klyushin guilty of profiting tens of millions of dollars from him and others linked to the Kremlin by hacking into US computer networks to obtain confidential information about companies they used to do business.

Klyushin, the owner of a Moscow-based information technology company called M-13 that worked for the Russian government, was found guilty by a federal jury in Boston on Tuesday of conspiracy, communications fraud and securities fraud. , prosecutors said.

Of the five Russian citizens accused of leading the scheme, which gave them the chance to receive around $90million, Klyushin, 42, was the only one to be arrested and stand trial after being detained in Switzerland in March 2021 and extradited to the United States. States.

The other four remain at large, including Ivan Yermakov, a former Russian military intelligence officer who worked for M-13 and is wanted by the US government for his alleged involvement in hacking schemes to interfere with the 2016 presidential election and against anti-doping agencies.

Prosecutors say Klyushin and his co-conspirators infiltrated the networks of two firms that help companies file reports with U.S. regulators — Donnelley Financial Solutions and Toppan Merrill — and earned around $90 million by trading shares on the base of yet-to-be-disclosed information they stole.

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