Economy

Russian cybercriminal sentenced in Nevada ID theft case

Russian cybercriminal sentenced in Nevada ID theft case

Seleznev is the son of prominent Putin ally and member of the Russian parliament, Valery Seleznev.

In the United States, the court of Georgia sentenced Roman Seleznev, a son of a State Duma deputy from the Liberal Democratic Party of Russian Federation, to another 14 years of imprisonment. The prison sentence is the most jail time given to an individual convicted of a cybercrime in the US.

Seleznev "was sentenced today to 14 years in prison for his role in a $50 million cyberfraud ring and for defrauding banks of $9 million through a hacking scheme", the US Department of Justice said in a statement. On April 21, Seleznev was sentenced to 27 years in prison for those crimes, which will run concurrent to his sentences handed down on Thursday.

The 33-year-old - also known as Track2, Bulba and Ncux - was sentenced by U.S. District Judge Steve C. Jones of the Northern District of Georgia. He is also ordered to pay restitution of more than $50 million in the Nevada case and more than $2 million in the Georgia case.

Russian cybercriminal sentenced in Nevada ID theft case
Russian cybercriminal sentenced in Nevada ID theft case

Seleznev admitted to becoming a member of the Carder.su organisation, a sprawling online identity theft and credit card fraud ring, in January 2009.

"The defendant's website had a simple interface that allowed members to search for the particular type of credit card information they wanted to buy, add the number of accounts they wished to purchase to their "shopping cart" and upon check out, download the purchased credit card information". They also conspired to hack and defraud credit card companies and payment processors. In 2008, the hackers managed to break into the computer's computer systems and access 45.5 million debit card numbers. The money was withdrawn within 12 hours through 2100 ATMs in 280 different cities.

The Department of Justice said 55 people have been charged - 33 of whom have been convicted - in four separate indictments targeting the Carder.su organization.

More news: Gov. Ivey to light Capitol Christmas tree Friday


  • Smartphone addiction linked to chemical imbalance in young brains

    Smartphone addiction linked to chemical imbalance in young brains

    Participants also completed tests to measure the severity of their addiction. "That's the part of the study I find most interesting".

    Capital Planning Advisors LLC Purchases 21926 Shares of Intel Corporation

    The stock presently has an average rating of "Buy" and an average price target of $43.40. (NYSE:WMT) or 538,751 shares. The stock of Intel Corporation (NASDAQ: INTC ) has "Hold" rating given on Friday, February 10 by Canaccord Genuity.

    Newell Brands INC (NWL) Position Maintained by First Manhattan Company

    The Average Volume of the company is 7.24 Million, while the Volume of the company in the last trading session was 8.86 Billion. Following the completion of the purchase, the director now owns 87,883 shares of the company's stock, valued at $3,831,698.80.
  • South Korea drawn against Sweden, Mexico and Germany in Group F

    South Korea drawn against Sweden, Mexico and Germany in Group F

    I suspect we will go the man-marking route with this one - but if Zlatan comes into the picture I honestly don't know what to do. The 2002 FIFA World Cup was a special tournament for many different reasons.
    Africa summit on youth met with scepticism

    Africa summit on youth met with scepticism

    Many European countries have keept a deaf ear to call for action on African migrants that flock boats through Libya-Mediterranean Sea to Europe.
    Today Analysts Focus on Chesapeake Energy Corporation (CHK), Square, Inc. (SQ)

    Today Analysts Focus on Chesapeake Energy Corporation (CHK), Square, Inc. (SQ)

    Public Employees Retirement System of OH grew its holdings in shares of Chesapeake Energy by 45.9% during the 2nd quarter. Analysts have placed a $4.6 price target on Chesapeake Energy Corporation , suggesting a 13.58% gain from recent close.
  • Wisconsin issues hunting licenses to 10 children under a year old

    Wisconsin issues hunting licenses to 10 children under a year old

    The state Department of Natural Resources says ten deer hunting licenses were sold this month to children under the age of one. Both the adult and child are allowed to carry weapons under the new law, as long as the adult stays within arm's reach.
    Anthony Davis faces $25k fine after ejection — ESPN Insider

    Anthony Davis faces $25k fine after ejection — ESPN Insider

    The play went on for almost 20 seconds as Davis laid on the floor, clutching the left side of his midsection/upper thigh. Anthony Davis of the New Orleans Pelicans did not have a fun time Wednesday.

    Automatic Data Processing (ADP) Authorizes Share Buyback Program

    Moreover, Franklin Resource Incorporated has 0.05% invested in Automatic Data Processing, Inc . (NASDAQ: ADP ) for 2,275 shares. Parallax Volatility Advisers Limited Partnership has invested 0% of its portfolio in Automatic Data Processing, Inc .
  • Kimco Realty (KIM) Earning Somewhat Favorable News Coverage, Accern Reports

    At current levels, Ingredion Incorporated (NYSE:INGR) shares have been seen trading 4.33% away from the 20-day moving average. They expect this year's earnings to rise 17.42% year-over-year to $1.55, followed by 1.29% growth in the next year to $1.57.

    North Korea won't disarm, says Russian delegation to Pyongyang: RIA

    The air forces of the United States and South Korea are scheduled to hold a regular joint drill early next month with six U.S. Experts say the designation will be largely symbolic as North Korea is already heavily sanctioned by the United States.
    Another Woman Comes Forward Alleging Affair with Congressman Joe Barton

    Another Woman Comes Forward Alleging Affair with Congressman Joe Barton

    Barton is retiring as politicians on Capitol Hill are facing new scrutiny for sexual harassment and misconduct. After being arrested, the court released Traci Lorraine Aragon from a San Antonio jail on $2,000 bond.