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Russian Lawmaker; Son Guilty $50M Hacking Scam

"Russian Lawmaker" Son Guilty To $50M Hacking Scam

The accused is the son of a Russian member of the parliament Valery Seleznev; he was arrested from Maldives and extradited to the US to face trial. According to US Justice Department Seleznev has pleaded guilty in two criminal cases namely participation in racketeering scheme and conspiring to commit bank fraud. The plea deal for both these cases was confirmed on Thursday. 

According to DOJ’s press release, in Nevada and Georgia cases, a credit card fraud ring called was involved. It was a web-based network created by cyber-criminals for trafficking of stolen credit card data. In his guilty plea, the accused admitted that he was part of that ring since January 2009. The account numbers were sold for $20 per piece, and as per the prosecutors, the thefts caused losses of more than 50 million USD to people the credit cards of whom were stolen.

“The defendant and a sophisticated team of hackers stole over $2,000,000 from ATMs across the globe. This plea shows that we are committed to identifying and bringing to justice cyber criminals from across the globe, wherever they are and however long it takes,” said U.S. Attorney John Horn.
Russia insists Seleznev’s extradition was kidnapping of its citizen

The Russian government labeled the arrest of Seleznev as an unlawful kidnapping. According to Igor Litvak, Seleznev’s attorney, his client has accepted responsibility for playing a part in two cyber cases that got settles on Thursday, but he is appealing against the conviction in the third separate Washington case.

Source: HackRead