Russian MP’s Son Gets More Jail Time for Hacking Offenses

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Prolific cyber-criminals Roman Seleznev has been handed down more jail time: 14 years in a federal prison for his role in a $50m cyber-fraud ring and a multi-million-dollar bank fraud scheme.

The 33-year-old Vladivostok man was sentenced in the Northern District of Georgia to 168 months in prison for one count of participation in a racketeering enterprise and the same for one count of conspiracy to commit bank fraud.

The former is related to Seleznev’s work for identity theft and credit card fraud ring, which he joined in 2009.

He admitted selling stolen credit card info and PII to fellow members, a business which grew so popular he had to set up his own website, which was advertised on sites.

The operation was apparently highly automated and professional, allowing visitors to search for specific information, add to cart and then check out — paying via digital currency.

Thanks in part to his activities, the scheme is said to have resulted in losses to victims of over $50.8m.

Seleznev also admitted to acting as a “casher” back in 2008, using stolen debit card details to help withdraw over $9.4m from 2100 ATMs in 280 cities around the world in less than 12 hours.

Some 45.5 million card details were compromised by other members of the gang, which hacked an Atlanta-based company that processes transactions on behalf of financial institutions, according to the Department of Justice.

The 14-year stretch will come on top of a 27-year sentence handed down for Seleznev’s role in a credit card heist which used POS malware to steal from small businesses between October 2009 and 2013.

The scheme is said to have caused $169m in damages to credit card companies and the affected businesses.

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

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