Document #2097020
RFE/RL – Radio Free Europe/Radio Liberty (Author)
A wealthy Russian businessman with ties to the Kremlin was sentenced on September 7 to nine years in prison for his role in a nearly $100 million stock-market cheating scheme. Vladislav Klyushin, who ran a Moscow-based information technology company that did work for the Russian government, was convicted in February in Boston on wire-fraud and securities-fraud charges. Authorities say he personally pocketed more than $33 million in the scheme, which involved breaking into computer systems to steal earnings-related filings for hundreds of companies and then using the information to make lucrative trades. To read the original story by AP, click here.
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