Russian suspected theft risk in insider trading hack case

By Brian Dowling (Jan. 5, 2022, 3:59 p.m. EST) – A Russian national’s grim finances, legal skills, and familiarity with yachts, helicopters and private planes make him too high a risk of theft to be released from prison pending trial for an alleged $ 82.5 million insider trading scheme, a Boston federal judge said Wednesday.

Russian businessman Vladislav Klyushin, who was extradited to the United States in December from Switzerland, is accused of collaborating with four other people to use stolen pre-published company documents to predict the evolution of company share prices. The scheme earned the group $ 82.5 million, according to a related civil case filed by the United States Securities and Exchange Commission. …

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Martin E. Berry