Unlock Premium Data: Up to 50% Off InvestingProCLAIM SALE

UPDATE 1-Canada judge denies bail for man U.S. wants over Yahoo hack

Published 2017-04-11, 03:59 p/m
© Reuters.  UPDATE 1-Canada judge denies bail for man U.S. wants over Yahoo hack
AABA
-

(Adds details, background)

By Alastair Sharp

TORONTO, April 11 (Reuters) - A Canadian judge on Tuesday denied bail to a 22-year-old man whom the United States wants to extradite to face charges of involvement in a massive hack of Yahoo YHOO.O email accounts, his lawyer said.

Prosecutors argued that the man, Karim Baratov, a Canadian citizen who was born in Kazakhstan, posed a flight risk. Justice Alan Whitten agreed, remanding Baratov in custody until May 26.

The United States says Baratov worked with Russian intelligence agents who paid him to break into at least 80 email accounts, including those of specific targets with non-Yahoo accounts.

"Why would he stick around?" the judge wrote in a nine-page decision. "He can continue his wealth-generating activities anywhere in the world."

Baratov faces U.S. charges including conspiracy to commit computer fraud, conspiracy to commit wire fraud and identify theft, and could face decades in U.S. jail if found guilty on all charges.

Baratov denies the accusations, his lawyer, Amedeo DiCarlo, said.

DiCarlo said he would consider appealing the bail decision if the court is unable to schedule a expeditious extradition hearing.

Federal prosecutor Heather Graham told the court that the attorney general of Canada will be ready to proceed with an extradition hearing by June 12, according to media reports.

The United States last month charged two Russian intelligence agents, Baratov and another alleged hacker over the 2014 theft of 500 million Yahoo accounts, the first time the U.S. government had criminally charged Russian spies for cyber offenses. other alleged hacker is Alexsey Belan, one of the FBI's most-wanted cyber criminals who was arrested in Europe in June 2013 but escaped to Russia before he could be extradited to the United States, according to the U.S. Justice Department.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.