Boston — Five Russians including a Kremlin-linked businessman now in US custody carried out a vast, $82m insider trading scheme that allowed them to profit from corporate information stolen through hacking, US authorities said on Monday.
Klyushin, who was arrested in Switzerland in March while on a ski trip, appeared briefly from a Massachusetts jail during a virtual court hearing. A bail hearing is tentatively set for Thursday. Those companies included IBM, Snap and Tesla. Prosecutors said Klyushin and employees of his company M-13 LLC placed trades for themselves as well for clients in exchange for a cut of their profits.
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