Feeds

Two Russians convicted as money mules

Face 20 years in the clink

Providing a secure and efficient Helpdesk

Two Russian men have been convicted for their roles as money mules who tried to siphon funds out of US bank accounts and send it to ringleaders in Ukraine.

Dmitry Vladislavovich Krivosheev, 25, and Maxim Valeryevich Illarionov, 24, who were living in Miami, last week were convicted of one count each of wire fraud and conspiracy to commit wire fraud by a federal jury in Oklahoma. The men set up bank accounts that received funds stolen from a Bank of America account belonging to Oklahoma City-based Powell Aircraft Title Services, according to court papers (PDF) filed in April.

According to prosecutors, the company's bank account came under control of unknown individuals in Ukraine who used malware to make fraudulent wired transfers. At least $1.3m has been fraudulently diverted from bank accounts using the scheme, they said.

A third man accused of recruiting the mules, Alexy Olegovich Petrov, was acquitted in the trial. According to court papers, he directed both mules to open the accounts and personally drove them various branches so they could make withdrawals and got a split of their proceeds.

Krivosheev and Illarionov face a maximum sentence of 20 years in federal prison and fines of $250,000. A sentencing hearing will be sent in about 90 days, prosecutors said.

The convictions come amid an unprecedented crackdown on money mules that's snagged scores of suspects in the US , the UK and Russia. ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Shellshock: 'Larger scale attack' on its way, warn securo-bods
Not just web servers under threat - though TENS of THOUSANDS have been hit
Apple's new iPhone 6 vulnerable to last year's TouchID fingerprint hack
But unsophisticated thieves need not attempt this trick
PEAK IPV4? Global IPv6 traffic is growing, DDoS dying, says Akamai
First time the cache network has seen drop in use of 32-bit-wide IP addresses
Oracle SHELLSHOCKER - data titan lists unpatchables
Database kingpin lists 32 products that can't be patched (yet) as GNU fixes second vuln
Who.is does the Harlem Shake
Blame it on LOLing XSS terroristas
Researchers tell black hats: 'YOU'RE SOOO PREDICTABLE'
Want to register that domain? We're way ahead of you.
Stunned by Shellshock Bash bug? Patch all you can – or be punished
UK data watchdog rolls up its sleeves, polishes truncheon
prev story

Whitepapers

A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Storage capacity and performance optimization at Mizuno USA
Mizuno USA turn to Tegile storage technology to solve both their SAN and backup issues.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.