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Wealthy Russian undertook $90M hack-and-trade scheme, US says at trial

NEWS: US targets Russian fintech operators for Ukraine sanctions evasion work

By Nate Raymond

A wealthy Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a US prosecutor said Monday at the start of his trial.

Vladislav Klyushin, 42, and his associates made nearly $90M trading stocks based on yet-to-be-announced information about hundreds of publicly-traded companies stolen by hackers, Assistant US Attorney Stephen Frank told a federal jury in Boston.

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