Reported by Chris Dolmetsch

A Russian man with ties to the Kremlin was ordered by a US judge to serve nine years in prison for leading an insider-trading ringthat earned tens of millions of dollars by hacking into systems used by public companies to file earnings reports.

Vladislav Klyushin, 42, was sentenced Thursday by US District Court Judge Patti B. Saris in Boston and ordered to forfeit more than $34 million — representing his personal profits from the trades. He was convicted in February of conspiring to obtain unauthorized access to computers and commit wire fraud and securities fraud. 

Klyushin, of Moscow, may be the highest-level Kremlin insider taken into custody by the US in recent years, and authorities suspected he had extensive knowledge of efforts to interfere with the 2016 US presidential election.

Read full report: https://news.bloomberglaw.com/ip-law/russian-hacker-gets-nine-years-in-prison-for-us-insider-trading