US Fights Bail for Russian Businessman Accused of Insider Trading Through Hacking

US Fights Bail for Russian Businessman Accused of Insider Trading Through Hacking
An illustration picture shows a projection of binary code on a man holding a laptop computer, in an office in Warsaw on June 24, 2013. Kacper Pempel/Reuters
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BOSTON—A U.S. prosecutor on Wednesday argued a Russian businessman accused of insider trading using hacked corporate information could use his wealth and Kremlin connections to flee the United States if he was granted bail.

Vladislav Klyushin, an owner of an information technology company with ties to the Russian government, had sought to be released from jail on a $2.5 million bond and remain under house arrest in a Boston apartment following his extradition from Switzerland on Saturday.