24 February 2018
Visit www.avoka.com

US charges three in multi-million dollar cybercrime case

18 March 2014  |  4816 views  |  0 web spider

US authorities have charged three men accused of using information hacked from more than a dozen financial service firms in a bid to steal at least $15 million.

The defendants - Oleksiy Sharapka and Leonid Yanovitsky from Kiev, Ukraine, and Richard Gundersen from New York - are accused of being part of a gang which gained access to the bank accounts of customers of a range of firms, including Citi, E-Trade, Fundtech, JPMorgan Chase and PayPal.

The gang then allegedly diverted money to bank accounts and pre-paid debit cards the defendants controlled. They then implemented a 'cash out' operation, employing crews to withdraw the stolen funds by making ATM withdrawals and fraudulent purchases in New York, Massachusetts, Illinois, Georgia and elsewhere.

Finally, the defendants and their conspirators laundered the proceeds of the scheme, often through international wire transfer services, to the leaders of the conspiracy overseas, say prosecutors.

Sharapka is thought to have directed the conspiracy with the help of Yanovitsky. Gunderson allegedly facilitated the movement of fraud proceeds. Sharapka and Yanovitsky are fugitives while Gundersen will be arraigned on the new charges. All three face long prison sentences if found guilty.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Barclays cybercrime gang members convicted

Barclays cybercrime gang members convicted

14 March 2014  |  6643 views  |  0 comments | 4 tweets | 2 linkedin
Cybercrime-as-a-service comes of age with POS hacks - McAfee

Cybercrime-as-a-service comes of age with POS hacks - McAfee

11 March 2014  |  5002 views  |  0 comments | 2 tweets | 2 linkedin
Target chief information officer quits

Target chief information officer quits

05 March 2014  |  5824 views  |  0 comments | 6 tweets | 5 linkedin
White House sets out voluntary cybersecurity framework

White House sets out voluntary cybersecurity framework

13 February 2014  |  5905 views  |  0 comments | 12 tweets | 8 linkedin
UK police and banks tap counter-terrorism methods to fight cyber-crooks

UK police and banks tap counter-terrorism methods to fight cyber-crooks

10 February 2014  |  5506 views  |  0 comments | 5 tweets | 5 linkedin
Hacked Target hastens migration to chip cards

Hacked Target hastens migration to chip cards

05 February 2014  |  6850 views  |  0 comments | 4 tweets | 9 linkedin
US prosecutors charge 13 over financial cyberattacks

US prosecutors charge 13 over financial cyberattacks

04 October 2013  |  7933 views  |  0 comments | 3 tweets | 3 linkedin

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.swift.com/your-needs/instant-paymentsRegister for the webinarvisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11617 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10276 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8399 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
7950 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7666 views comments | 10 tweets | 14 linkedin

Featured job

Six-Figure-Base, Double OTE, Benefits Package
London, UK

Find your next job