Tag: #financialfraud
Oleg Korneiv having citizenship of both Ukraine and Russia pleaded guilty of operating an international money laundering entity. The latter laundered millions of dollars stolen from US victims by cybercriminals around the world. The organization was called Your Mule Cashout (YMCO). YMCO hired over 15,000 US residents as money mules. The former laundered around $10 […]
As per a probe by the Enforcement Directorate an estimated 36,000 Indian SIM cards were discovered to be activated in Cambodia. Of this big figure an estimated 5300 SIMs were used in cyber fraud incidents amounting to hundreds of crores of rupees. These SIM cards were fraudulently made active in India and handed over to […]
Rajasthan Police have dismantled a large cyber fraud network in Alwar, exposing a racket that sold mule accounts to criminals for laundering scam money. Six people were arrested in the latest raids, including four Axis Bank employees. With these arrests, the total number of accused in the case has risen to 16. Investigators estimate that […]