Vladislav Kliushin

The U.S. Securities and Exchange Commission (SEC) obtained a final judgment against Russian defendant Vladislav Kliushin for his participation in an $80 million hacking and trading scheme. The scheme involved deceptively obtaining material nonpublic pre-release earnings announcements of public companies through hacking, resulting in at least $82.5 million in illicit profits. The SEC's investigation led to a parallel criminal case, where Kliushin was convicted and later received an Executive Grant of Clemency. However, the final judgment entered against him provides for permanent injunctive relief and liability for disgorgement of ill-gotten gains.