Russian businessman found guilty in hacking, insider trading scheme

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Russian businessman found guilty in hacking, insider trading scheme
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Russian millionaire with Kremlin ties turned $2 million into $21 million by trading on hacked corporate info, prosecutors said.

A Russian millionaire with ties to the Kremlin was convicted Tuesday of participating in an elaborate $90 million insider trading scheme using secret earnings information from companies such as Microsoft that was stolen from U.S. computer networks.

"The jury saw Mr. Klyushin for exactly what he is — a cybercriminal and a cheat. He repeatedly gamed the system and finally got caught. Now he is a convicted felon. For nearly three years, he and his co-conspirators repeatedly hacked into U.S. computer networks to obtain tomorrow's headlines today," Massachusetts U.S. Attorney Rachael Rollins said in an emailed statement.

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