Maxim Dlugy was born in Moscow on January 29, 1966. He emigrated with his family to New York in 1979. He became a master in 1980, and International Master in 1982, and a Grandmaster in 1986. In 1984, he tied for 3rd at the U.S. chess championship. In April 1985, at the age of 19, he advanced to the interzonals (he played in the Tunis Interzonal), the youngest U.S. player since Fischer. He tied for 6th-8th place (won by Yusupov). In 1985, he won the World Junior Chess Championship. In 1985, he took 2nd in the New York Open. In 1986 he played first board on the U.S. Olympiad chess team in Dubai. In 1987, he won the National Open in Las Vegas. In 1987 he tied for 3rd in the U.S. Championship. In 1988, he won the $32,000 Samford Chess Fellowship. In 1988, he won the World Open in Philadelphia. In 1988 and 1990, he won the US Open blitz championship. From 1988 to 1993, Dlugy was ranked number 1 in the world in the World Blitz Chess Association. In 1989, he tied for 1st at the American Open. He was elected President of the USCF (the first Grandmaster to be elected President) in 1990 and was USCF president from 1990 to 1993. In 1991, he won the 2nd Harvard Cup man-machine tournament. In 1992, he was the 3rd highest rated player in the USA, behind Kamsky and Kaidanov. In the 1990s he worked for Bankers Trust on Wall Street as a securities trader. In 2002, he was the investment manager to Russian Growth Fund (based in the Virgin Islands), which invested in a magnesium plant in Solikamsk (Russia’s second biggest magnesium plant; the USA buys 60% of its production). Garry Kasparov once served as a senior advisor at the Russian Growth Fund. From June 2003 to August 2003 he was the plant’s chairman of the board. In April 2005, he was arrested in Moscow on fraud charges. He had been wanted since November, 2004. He was charged with attempting to defraud the company of $9 million worth of bonds. He was transferred to a prison in Perm, central Russia. He faced up to 10 years in a Russian prison. All the charges against him were later dropped.