Connect with us

Hi, what are you looking for?

Security & Crime

US Sentences Russian, Macedonian in Cyber Fraud Case

The United States sentenced a Russian and a North Macedonian on Friday to prison for their roles in a vast cyber crime operation.

Sergey Medvedev, 33, of Russia and Marko Leopard, 31, of North Macedonia, were sentenced to ten and five years respectively, according to a Justice Department statement.

Both had previously pleaded guilty to criminal conspiracy in federal court in Nevada.

Medvedev, arrested in Thailand in 2018, co-founded the “Infraud Organization,” a marketplace for “counterfeit documents, stolen bank account and credit account information, and stolen personal identifying information,” authorities said.

Under the slogan “In Fraud We Trust,” the network — which had more than 10,000 members at its peak — was one of the top places to buy stolen information, leading to losses of more than $568 million.

Leopard joined the network in 2011 and hosted websites for Infraud members who wished to sell illegal goods and services online, authorities said.

“Today’s sentences should serve as a warning to any web host who willingly looks the other way for a quick buck — and that the United States will hold these bad actors accountable, even when they operate behind a computer screen halfway across the world,” Acting Assistant Attorney General Nicholas McQuaid said.

(AFP)

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

ad

You May Also Like

News

Federal High Court sitting in Lagos has restrained telecom operators in Nigeria from deactivating or barring any line or sim whose user did not...

Tech

Senate Committee on National Agency for Science and Engineering Infrastructure (NASENI) has commended the Agency for championing local content development of Solar-Powered smart irrigation,...

Business

QNET, a global lifestyle and wellness-focused direct-selling company is excited to announce the upcoming launch of V-Africa 2024, an event designed to bring together...

News

The family of the late Herbert Wigwe, the former group chief executive officer (GCEO) of Access Holdings Plc, has announced arrangements for his burial...