Russian Businessman Convicted in $90 Million Hack-And-Trade Scam

A Russian with ties to the Kremlin was convicted Tuesday by a federal jury on charges he led an insider-trading ring that netted about $90 million by hacking into systems used by public companies to file quarterly earnings reports.

Vladislav Klyushin, 42, was convicted following a 10-day jury trial in Boston of conspiring to obtain unauthorized access to computers and commit wire fraud and securities fraud, according to a Justice Department statement.

“The jury saw Mr. Klyushin for exactly what he is — a cybercriminal and a cheat,” said US Attorney Rachael Rollins, who is in Boston. “For nearly three ...