Feeds

17 charged over multi-million card fraud racket

Cybercrime Inc.

The Essential Guide to IT Transformation

A group of 17 people has been indicted in New York for alleged involvement in a credit card counterfeiting and an ID theft racket that raked in millions.

The defendants allegedly trafficked more than 95,000 stolen credit card numbers and caused banks losses estimated at $4m, the 173-count indictment alleges, Reuters reports. The defendants allegedly made themselves well known in underground carder forums by running ads on various sites. One of the sites allegedly run by the group was the pleasingly-monikered The International Association for the Advancement of Criminal Activity, a sort of THRUSH for the digital age perhaps.

Reuters adds that the defendants include married couple Vadim Vassilenko (40) and Yelena Barysheva (42), who pleaded guilty in September 2006 to running an unlicensed money transfer and cheque-cashing business. The duo, from Russia and the Ukraine, are currently behind bars serving time for these offences. The latest indictment charges that Vassilenko and Barysheva's business, Western Express International Inc., acted as a conduit for $35m in suspect funds.

The couple's defence lawyer, Daniel Gotlin, said the new charges were a repeat of those they faced at an earlier trial. He alleged prosecutors were lining the duo up for a fresh trial because they were "disappointed" with Vassilenko and Barysheva's earlier sentences. Vassilenko was jailed for two to six years and Barysheva for one to three years at the earlier hearing. ®

Build a business case: developing custom apps

More from The Register

next story
14 antivirus apps found to have security problems
Vendors just don't care, says researcher, after finding basic boo-boos in security software
'Things' on the Internet-of-things have 25 vulnerabilities apiece
Leaking sprinklers, overheated thermostats and picked locks all online
iWallet: No BONKING PLEASE, we're Apple
BLE-ding iPhones, not NFC bonkers, will drive trend - marketeers
Only '3% of web servers in top corps' fully fixed after Heartbleed snafu
Just slapping a patched OpenSSL on a machine ain't going to cut it, we're told
How long is too long to wait for a security fix?
Synology finally patches OpenSSL bugs in Trevor's NAS
Secure microkernel that uses maths to be 'bug free' goes open source
Hacker-repelling, drone-protecting code will soon be yours to tweak as you see fit
Israel's Iron Dome missile tech stolen by Chinese hackers
Corporate raiders Comment Crew fingered for attacks
Tor attack nodes RIPPED MASKS off users for 6 MONTHS
Traffic confirmation attack bared users' privates - but to whom?
Roll out the welcome mat to hackers and crackers
Security chap pens guide to bug bounty programs that won't fail like Yahoo!'s
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.