New York (CNN) A Russian Spy ring operating in New York City to collect economic intelligence and recruit other potential spies was broken up by the FBI, who arrested one of the men today.

In unsealed court documents the FBI says Evgeny Buryakov was in New York City employed by a Russian bank, but was actually working for the Russian intelligence services.

The FBI says the ring used coded messages to relay information they gathered out of New York city and sent it to officials in Moscow.

Two other men who were part of the ring left the country and were not arrested, according to the U.S. Attorney's Office in Manhattan.

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