Printer Friendly

Alleged Russian cybercriminal charged in New York court.

Russia: The Justice Department announced indictments against two Russians Tuesday for allegedly hacking into computers of US financial institutions to steal credit card numbers and stock information before running up bills.

The accused hackers, Vladimir Zdorovenin and his son, Kirill Zdorovenin, were charged in federal court in New York City with eight counts of fraud and one count of conspiracy.

"From far away, with the click of a mouse, the cybercriminal can victimize millions of people in the US," said US Attorney Preet Bharara in a statement. "As alleged, Vladimir Zdorovenin and his son did exactly that. They engaged in serial cybercrimes in Russia that targeted Americans and wrought havoc with their personal and financial information, using it to make phony purchases and to manipulate stock prices."

Vladimir Zdorovenin made a first appearance before a judge Tuesday after being extradited from Switzerland. His son remains at large.

The computer hacking into bank and brokerage accounts was done through a variety of schemes in 2004 and 2005, according to the Justice Department. Though the Zdorovenins were indicted in 2007, the indictments were unsealed for the first time Tuesday as Vladimir Zdorovenin, 54, made his court appearance.

He faces a possible maximum sentence of 142 years in prison.

The indictment says the Zdorovenins operated multiple phony Web sites and bank accounts in Russia and Latvia where they directed the money they stole.

They would use computer programs secretly installed on victims computers that recorded personal financial information, such as credit card and brokerage account numbers. They also purchased stolen credit card numbers, the Justice Department reported.

Afterwards, they would make what appeared to be legitimate purchases from Internet businesses they ran using the stolen credit card numbers, which deceived banks into sending them money, the indictment says.

They also are accused of buying and selling thousands of shares of company stock using stolen brokerage account numbers to manipulate company stock values, then profiting from the fluctuating value of shares through their own brokerage account, which operated under the name of Rim Investment Management, Ltd.

(Follow timesofoman.com on Facebook and on Twitter for updates that you can share with your friends.)

Muscat Press and Publishing House SAOC 2012

Provided by Syndigate.info an Albawaba.com company
COPYRIGHT 2012 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2012 Gale, Cengage Learning. All rights reserved.

 
Article Details
Printer friendly Cite/link Email Feedback
Publication:Times of Oman (Muscat, Oman)
Geographic Code:4EXRU
Date:Jan 18, 2012
Words:374
Previous Article:Smoke bomb thrown over White House fence.
Next Article:S.Korea diplomat suspended over diamond mine scandal.
Topics:

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters