Associated media – Associated media
Vladislav Klyushin amassed a fortune using illicitly obtained financial data, with his earnings at one point exceeding $3 million in cash, neatly stacked in a high-security safe. Within a brief span of under three years, Klyushin and his operation successfully pilfered over $93 million.
Operating through M-13, a company ostensibly focused on cybersecurity, Klyushin and his team of Russian hackers exploited their position to siphon off confidential corporate earnings reports from U.S. companies before they were made public. Leveraging this stolen intel, they executed timely trades in stocks of major companies like Skechers, Snapchat, and Roku, reaping massive profits.
Vladislav Klyushin now faces a nine-year sentence in a U.S. federal prison, following his conviction for his role in this elaborate hack-to-trade scheme.
M-13’s activities weren’t just limited to stock trading; they also manipulated information from companies like Tesla. By accessing Tesla’s earnings details early, they capitalized on the market reactions once these figures were officially released, further lining their pockets.
Federal prosecutor Steven Frank highlighted the methodical nature of the theft, pointing out the continuous and systematic breach of American corporate security to facilitate insider trading.
As Klyushin enjoyed the trappings of wealth, including private jets and connections with Russian elites, the FBI was closely monitoring his operations. This covert surveillance aimed at understanding and potentially dismantling the sophisticated financial scam.
The website of M-13 belied its true activities by posing as a legitimate cybersecurity firm, while it covertly engaged in financial espionage against American corporations.
Despite high-profile arrests like Klyushin’s, experts like Javers warn that the threat to American businesses is far from over. The ongoing geopolitical tensions between Russia and the West continue to manifest in various arenas, including financial markets.
In the documentary “Putin’s Trader,” Javers explores the sustained threats to U.S. businesses and the broader financial system. The documentary is supplemented by a podcast series, “The Crimes of Putin’s Trader,” which delves deeper into these issues, both set to raise awareness about the ongoing financial warfare impacting global markets.
Connected media – Related media
