Russian HFT Spy Evgeny Buryakov Gets Jail Time

In what might sound like the plot to a movie, a Russian banker was sentenced to 30 months in prison for plotting to work with Russian intelligence in a role that, in part, included work as an HFT spy. One of the topics was how to use “trading robot activities” and high frequency trading as a weapon to destabilize the markets.

Russian HFT Spy Buryakov sentenced

Evgeny Buryakov was sentenced to prison as well leveled a $10,000 fine Wednesday.

Manhattan U.S. Attorney Preet Bharara, whose office prosecuted the case, said Buryakov was disguised as a legitimate banker but he actually...