International cybercrime money mule leader pleads guilty
Oleg Korniev, a dual citizen of Ukraine and Russia, pleaded guilty in U.S. federal court to orchestrating an extensive money laundering operation that moved over $10 million in cybercrime proceeds. Korniev’s group, YMCO, spanned multiple countries and relied on over 15,000 unwitting money mules, who were recruited via bogus job offers. The operation helped hackers funnel stolen funds from over 750 U.S. bank accounts to Eastern Europe between 2007 and 2014.
- Korniev led YMCO, a group laundering over $10 million
- More than 15,000 money mules were used globally
- Victims included over 750 U.S. bank accounts
- Four YMCO associates previously pleaded guilty
- Korniev faces a possible 2 to 50 years in prison
Sources covering this
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