The two are accused of stock manipulation and of buying goods with stolen credit-card numbers A Russian man and his son face various fraud charges after U.S. authorities unsealed a nine-count indictment dating from 2007 on Tuesday, according to federal prosecutors.Vladimir Zdorovenin, 54, of Moscow, and his son Kirill are charged with conspiracy, mail fraud, wire fraud, computer fraud, aggravated identity theft and securities fraud, according to the U.S. Attorney’s Office for the Southern District of New York.Authorities allege the two men used malicious software to collect credit card numbers, identity information and financial account details of victims. They also bought stolen credit card numbers and purchased goods from their own Internet-based businesses, prosecutors allege.They also stand accused of stealing online brokerage account details and then trading stocks in order to manipulate prices. The Zdorovenins then allegedly profited by either purchasing or selling those stocks through their own account, called Rim Investment Management Ltd. The two ran the alleged scams from Russia. According to a news release, the FBI said the prosecution “should serve as a stark reminder to anyone who believes he can commit cybercrime and hide behind the safety and anonymity of a Russian IP address; you are not beyond the reach of the FBI.”The indictment was placed under seal in May 2007. The elder Zdorovenin was arrested in Zurich on March 27, 2011, and was extradited to the U.S., arriving on Monday. He could face a maximum sentence of 142 years in prison. His son remains at large, authorities said. Send news tips and comments to jeremy_kirk@idg.com Related content feature Top cybersecurity M&A deals for 2023 Fears of recession, rising interest rates, mass tech layoffs, and conservative spending trends are likely to make dealmakers cautious, but an ever-increasing need to defend against bigger and faster attacks will likely keep M&A activity steady in By CSO Staff Sep 22, 2023 24 mins Mergers and Acquisitions Mergers and Acquisitions Mergers and Acquisitions brandpost Unmasking ransomware threat clusters: Why it matters to defenders Similar patterns of behavior among ransomware treat groups can help security teams better understand and prepare for attacks By Joan Goodchild Sep 21, 2023 3 mins Cybercrime news analysis China’s offensive cyber operations support “soft power” agenda in Africa Researchers track Chinese cyber espionage intrusions targeting African industrial sectors. By Michael Hill Sep 21, 2023 5 mins Advanced Persistent Threats Cyberattacks Critical Infrastructure brandpost Proactive OT security requires visibility + prevention You cannot protect your operation by simply watching and waiting. It is essential to have a defense-in-depth approach. By Austen Byers Sep 21, 2023 4 mins Security Podcasts Videos Resources Events SUBSCRIBE TO OUR NEWSLETTER From our editors straight to your inbox Get started by entering your email address below. Please enter a valid email address Subscribe