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Russian Found Guilty of Insider Trading in Hacking Case

February 15, 2023

A U.S. jury returned a guilty verdict against a man who ran a criminal hacking scheme that earned $90 million via insider trading while running a Moscow-based IT services firm associated with the Russian government.

After a 10-day trial, a federal jury in Boston on Tuesday found Vladislav Klyushin, 42, guilty of obtaining unauthorized access to computers, as well as wire fraud and securities fraud. The Russian national, who faces more than 50 years in prison and a fine equal to double the $38 million of personal profit he gained from the scheme, is due to be sentenced in May.

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