Russian national Vladislav Klyushin Tuesday was convicted by a federal jury in Boston for his role in the orchestration of a $90 million hacking and insider trading scheme. The jury found Klyushin guilty of conspiracy to gain unauthorized access to computers, wire and securities fraud, and conspiracy to commit wire fraud and securities fraud.

In this “hack-to-trade” scheme, Klyushin and his four alleged co-conspirators utilized non-public information stolen from US computer networks to illegally trade hundreds of publicly traded companies’ shares. According to the complaint filed by the SEC in December of 2021, there was less than a one in trillion chance that the trades they made would have occurred at random.

The scheme in total turned  a profit of more than $90 million between January 2018 and September 2020. Of that $90 million, Klyushin personally earned $38 million. The trial was based in Boston because many of Klyushin’s earnings were downloaded in Boston.

Klyushin owns an information technology company, M-13 in Moscow. Two of his other identified co-conspirators also work there. According to the DOJ, M-13 advertises their services including, “penetration testing and “Advanced Persistent Threat (APT) emulation…both services that seek exploitable vulnerabilities in a computer system via hacking techniques, purportedly for defensive purposes.” The company’s website also claims that their technology services are utilized by the Russian government.

Klyushin’s four Russian co-conspirators remain at large and are not yet in custody. Klyushin will face sentencing on May 4.