Russian businessman found guilty in hacking, insider trading scheme – CBS News

A Russian millionaire with ties to the Kremlin was convicted Tuesday of participating in an elaborate $90 million insider trading scheme using secret earnings information from companies such as Microsoft that was stolen from U.S. computer networks.

Vladislav Klyushin, 42, who ran a Moscow-based information technology company associated with the Russian government, was found guilty on all charges against him, including wire fraud and securities fraud, after a two-week trial in federal court in Boston.

“The jury saw Mr. Klyushin for exactly what he is — a cybercriminal and a cheat. He repeatedly gamed the system and finally got caught. Now he is a convicted felon. For nearly three years, he and his co-conspirators repeatedly hacked into U.S. computer networks to obtain tomorrow’s headlines today,” Massachusetts U.S. Attorney Rachael Rollins said in an emailed statement.

Source: Russian businessman found guilty in hacking, insider trading scheme – CBS News