BOSTON—A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial.
Vladislav Klyushin, 42, and his associates made nearly $90 million trading stocks based on yet-to-be-announced information about hundreds of companies stolen by hackers, Assistant U.S. Attorney Stephen Frank told a federal jury in Boston.
Klyushin, whose Moscow-based technology company M-13 did work for Russian President Vladimir Putin’s government, personally turned a $2 million investment into $21 million and brought other investors into the scheme, Frank said….