Feeds

Money mule cops plea in online brokerage hacking scam

Hee haw

The Essential Guide to IT Transformation

A New Hampshire man has agreed to pay almost $112,000 and face prison time after admitting he was a mule in a scheme that hacked in to online bank and brokerage accounts and siphoned out large sums of cash.

Alexey Mineev, of Hampton, New Hampshire, pleaded guilty to one count of money laundering in federal court in Manhattan earlier this week. He agreed to forfeit $111,954 in proceeds from the scheme, according to court documents. He also faces a maximum of 20 years in prison and $500,000 in fines at sentencing.

In November, Mineev and two other men were accused of carrying out a scam that secretly installed keylogging software on the PCs of bank and brokerage customers. Russian defendant Alexander Bobnev used the malware to hack into the customer accounts. He would then send emails instructing Mineev to transfer money out of the accounts and into a specially designated bank account.

Little did the defendants know, the account was being monitored by federal investigators with the help of a confidential informant located in Poughkeepsie, New York. That gave the feds a bird's eye view as the defendants siphoned cash out of accounts from Charles Schwab and elsewhere and deposited them into their bank account.

Mineev would then cash checks drawn on the account, pocket a small amount and send the rest back to Russia.

The scam ran from September 2006 to December 2007, although Mineev's participation ran for only the last five months of that time, according to court documents. ®

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
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
Researcher sat on critical IE bugs for THREE YEARS
VUPEN waited for Pwn2Own cash while IE's sandbox leaked
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.
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.
The Essential Guide to IT Transformation
ServiceNow discusses three IT transformations that can help CIO's automate IT services to transform IT and the enterprise.
Maximize storage efficiency across the enterprise
The HP StoreOnce backup solution offers highly flexible, centrally managed, and highly efficient data protection for any enterprise.