A Russian businessman with close ties to Russian President Vladimir Putin and accused of being involved in an insider trading and hacking scheme will be detained pending trial.
Vladislav Klyushin, had sought to be released pending his federal trial in Boston. He proposed a $2.5 million bond comprised of properties in Russia and the U.K. as well as hiring private guards to assure his presence in court.
But Judge Marianne Bowler in Massachusetts denied bail, saying that Klyushin had “absolutely no incentive to remain in this country.”
Bowler wrote that a Pretrial Services report lists $7 million in Russian and London real-estate as well as a yacht valued in excess of $4 million as just some of the assets Klyushin allegedly has.
She also cited the lack of any extradition treaty with Russia and the difficulty of seizing his London property if he fled the country as two of the reasons for denying him his release.
The Kremlin-linked Russian businessman was extradited to the U.S. from Switzerland in December.
He was arrested on insider trading and computer hacking charges and had previously spurned approaches by U.S. and British intelligence agencies while traveling in Europe, his lawyer told NBC News.
U.S. officials described the businessman, Klyushin, as being close to Russian President Vladimir Putin, and one of his co-defendants in the insider trading case has also been charged with 2016 election hacking.
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