GEOCRIME: Russian found guilty in $90m (€83m) Hack Conspiracy

GEOCRIME: Russian found guilty in $90m (€83m) Hack Conspiracy

Posted by: Iain Fraser - Cybersecurity Journalist

IainFRASER.net - Gibraltar

Cybersecurity Journalist

Google Indexed on 150223 at 14:48 CET

15 February 2023 - Gibraltar

This article was first posted on: GEOPoliticalMatters.com

Vladislav Klyushin, 42, the Russian owner of a technology company with alleged links to diminutive despot Vladimir Putin has been convicted for his part in a global conspiracy that used commercially confidential earnings reports stolen from U.S. computer networks to trade on dozens of stocks and ultimately net the criminals some $90m. (€83m) 

Vladislav Klyushin, aka “Vladislav Kliushin,” 42, a Muscovite was convicted following a 10-day jury trial of conspiring to obtain unauthorised access to computers, and to commit wire fraud and to commit securities fraud, and with substantive counts of obtaining unauthorised access to computers, wire fraud and securities fraud. U.S. District Court Judge Patti B. Saris scheduled sentencing for May 4, 2023. Klyushin was arrested in Sion, Switzerland in March 2021 and extradited to the United States in December 2021 to face federal charges in Boston. 

Klyushin was charged alongside his co-conspirators, Ivan Ermakov, Nikolai Rumiantcev, Mikhail Vladimirovich Irzak and Igor Sergeevich Sladkov, however the four remain at large. In October 2018, Ermakov was also charged in federal court in Pittsburgh in connection with his alleged role in hacking and related disinformation operations targeting international anti-doping agencies, sporting federations, and anti-doping officials.

Klyushin was convicted by a federal jury of conspiring to obtain unauthorized access to computers and to commit wire fraud and securities fraud. The latter carries a sentence of up to 20 years in prison, while the hacking charge could bring up to a five-year sentence. Lean More /...