Mastermind of 15,000-Mule Cybercrime Laundering Network Pleads Guilty in US
Oleg Korniev pleaded guilty in the US for leading Your Mule Cashout, a 15,000-mule cybercrime laundering network.
Oleg Korniev, 42, a dual Ukraine-Russia citizen, pleaded guilty in a US court to leading Your Mule Cashout, which laundered stolen funds for cybercriminals. Court documents say the network recruited more than 15,000 US money mules and laundered at least $10 million taken from over 750 US bank accounts, mainly sending proceeds to Eastern Europe. Korniev admitted causing over $14.7 million in actual and intended losses and laundering at least $7 million. He faces 2 to 50 years; four previously extradited members received 37 to 63 months and more than $9.1 million in restitution each.
- Korniev pleaded guilty to money laundering, computer fraud, and identity theft.
- YMCO recruited more than 15,000 US mules and hit over 750 bank accounts.
- He admitted over $14.7 million in losses and at least $7 million laundered.
- Four other YMCO members received sentences of 37 to 63 months.
- Threat actors
- Oleg KornievYour Mule Cashout
- Organizations
- Your Mule Cashout
- Countries
- United StatesUkraineRussiaGeorgia
From the original article
2 min read at securityweek.com
Oleg Korniev was a leader of YMCO, a sophisticated network of money mules that helped hackers move funds outside the US. The post Mastermind of 15,000-Mule Cybercrime Laundering Network Pleads Guilty in US appeared first on SecurityWeek.
By Ionut Arghire · securityweek.com
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