Man admits to running network of 15,000 money mules for cybercriminals
Oleg Korniev admitted running 15,000 U.S. money mules that laundered millions for cybercriminals.
Oleg Korniev, a 42-year-old Ukrainian-Russian dual citizen, pleaded guilty to leading Your Mule Cashout, a laundering network that has operated since September 2007 and used more than 15,000 U.S. money mules. Mules recruited by spam from fake companies received stolen funds and wired them through Western Union and MoneyGram to contractors in Moldova, Ukraine, Russia, or Latvia. Prosecutors say the scheme touched more than $10 million from over 750 U.S. accounts at more than 35 banks; Korniev admitted at least $14.7 million in actual and intended losses and laundering at least $7 million. He faces two to 50 years.
- Korniev pleaded guilty in the Western District of North Carolina.
- YMCO recruited over 15,000 U.S. mules through fake-company spam.
- He admitted at least $14.7 million in losses and laundering $7 million.
- Four earlier accomplices received 37 to 63 months and over $9.1 million restitution.
- Threat actors
- Oleg KornievYour Mule Cashout
From the original article
2 min read at bleepingcomputer.com
A Ukrainian-Russian dual citizen has pleaded guilty to running a massive money laundering operation that laundered millions for cybercriminals worldwide. [...]
By Sergiu Gatlan · bleepingcomputer.com
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