Ukrainian has created a cyber fraud network in the US that has stolen $ 530 million

US Department of Justice revealed one of the largest fraud schemes in the field of cybercrime, the network was organized by a Ukrainian, but citizens of more than a dozen other countries took part in it, including the US, Russia, Moldova, Pakistan, France, Serbia, Egypt, Bangladesh, Italy, Australia, Canada, UK and others.

Фото: Depositphotos

36 persons involved in the criminal case were charged with trafficking in stolen personal data and other illegal actions, the damage from which amounted to more than 530 million dollars.

The victims of cybercriminals were ordinary Internet users, as well as a number of companies and financial institutions.

The International Cybercrime Network, known as InFraud, managed a complex scheme for buying and selling social security numbers, dates of birth, and passwords stolen in the United States and in other countries of the world.

In addition, hackers also provided services for money laundering using digital currencies, including Bitcoin, Liberty Reserve, Perfect Money and WebMoney.

According to charging documents, the criminal group operating under the motto "In fraud we trust” (“We believe in fraud”), was organized in 2010 by 34-year-old Ukrainian Svyatoslav Bondarenko.

As of March 2017, there were 10 901 registered members InFraud.

During its seven-year activity, the organization caused approximately 2,2 billion dollars in estimated losses and more than 530 million dollars in actual damage.

In this case, 13 people were arrested in the USA, Australia, Great Britain, France, Italy, Kosovo and Serbia.

Acting Assistant Attorney General John Cronan commented on this process, calling it "one of the largest ever conducted by the Department of Justice."

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