Leader of vast money mule operation that laundered cybercriminal proceeds pleads guilty
Oleg Korniev pleaded guilty to leading YMCO, which laundered at least $10 million through more than 15,000 money mules.
Oleg Korniev, a 42-year-old dual citizen of Ukraine and Russia, pleaded guilty in U.S. federal court to leading Your Mule Cashout, or YMCO. From 2007 to 2014 the group recruited more than 15,000 people in the United States, Germany, Italy, the United Kingdom, and Australia through fake-company job sites and had them forward funds overseas. Prosecutors say YMCO laundered at least $10 million for hackers who used malware to break into 750 U.S. bank accounts, with payouts through Western Union and MoneyGram. Korniev faces two to 50 years on money-laundering, computer-fraud, access-device, and aggravated identity-theft charges; co-defendant Serghei Ivanovich Tomuz's U.S. case was terminated in May.
- YMCO ran from 2007 to 2014 using fake job sites to recruit mules.
- It laundered at least $10 million tied to 750 hacked U.S. bank accounts.
- Proceeds moved via Western Union and MoneyGram to Eastern Europe.
- Korniev, arrested in North Carolina, faces two to 50 years.
- Alleged cash-out lead Serghei Tomuz's U.S. case ended in May.
- Threat actors
- Oleg KornievSerghei Ivanovich TomuzYour Mule Cashout
- Victims
- U.S. bank account holders
- Organizations
- Western UnionMoneyGram
From the original article
1 min read at therecord.mediaOleg Korniev, a 42-year-old dual citizen of Ukraine and Russia, was a principal of Your Mule Cashout, or “YMCO,” which from 2007 until 2014 set up a sophisticated network of mules in the U. S. and Europe.
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