Russian Oligarch's Inside Trading Scheme Exposed

On March 21st, 2021, Russian oligarch Vladislav Klyushin and his wife landed at a Swiss airport for a vacation, unaware that US law enforcement had been tracking their flight. Klyushin, a powerful businessman with Kremlin ties, was being investigated for insider trading. FBI investigator B.J. Kang, known for high-profile arrests, received a tip from the SEC about unusual stock market activity. They traced the illegal activities back to Klyushin and his firm, M13, which was hacking into the computers of filing agents to gain early access to financial reports from major companies like Tesla and Roku. This complex scheme involved significant illicit profits at the expense of American investors. Evidence pointed to a larger Russian operation targeting Western finance, hinting at a broader economic conflict between Russia and the West. The investigation culminated in Klyushin's arrest in Switzerland through exceptional cooperation between US and Swiss authorities. Klyushin was extradited to the US and sentenced to nine years in prison, while his co-conspirator Yermakov remained in Russia, out of reach of US law.