Maryland Busts $9.5 Million #BEC Money Laundering Ring

Maryland Busts $9.5 Million #BEC Money Laundering Ring

| | AML, bec, money laundering, nigeria
 Three indictments have been unsealed in Maryland that document an extensive network of shell companies that were used to wash at least $9.5 Million in funds from at least fifteen #BEC (Business Email Compromise) cases across the country.  In the first indictment, those charged (with an example address from their respective ... Read More
Identification Documents: an Obsolete Fraud Countermeasure

Identification Documents: an Obsolete Fraud Countermeasure

When I'm talking to bankers and other fraud fighters, I often mention how easy it is for a criminal to obtain a Drivers License bearing any information they desire. I was reminded of this again as I saw the sentencing of Desmond Nkwenya from Brookhaven, Georgia this week. The DOJ ... Read More

Classic Baggie: Part Three – the Romance Scam Victims

 If you are just joining us, we are reviewing the court transcripts of a Business Email Compromise / Romance Scam Money Laundering case.  Part One reveals "Classic Baggie: A Delaware BEC Case calls him the leader of an International Criminal Organization" and Part Two was called "Classic Baggie: Part 2 ... Read More
Book Review: The Crypto Launderers: Crime and CryptoCurrencies

Book Review: The Crypto Launderers: Crime and CryptoCurrencies

The Crypto Launderers: Crime and Cryptocurrencies from the Dark Web to DeFi and Beyond - by David Carlisle   I wish I had a way to review this book without having first read last year’s “Tracers in the Dark.” While Tracers talked about the people involved in investigating various crypto-based crimes ... Read More
Classic Baggie:  A Delaware BEC Case calls him the leader of an International Criminal Organization

Classic Baggie: A Delaware BEC Case calls him the leader of an International Criminal Organization

The U.S. Attorney's office in Delaware charged Olugbenga Lawal with being a major money launderer for a Nigerian-based international criminal organization that specialized in Business Email Compromise (#BEC) and Romance Scam.  Lawal was charged with receiving more than $3 million USD (that would be more than ₦2,8 Billion!) and sending ... Read More
Vietnam's Massive CAPTCHA crackers vs. Microsoft DCU

Vietnam’s Massive CAPTCHA crackers vs. Microsoft DCU

Earlier this month, Microsoft's Digital Crimes Unit was featured in a WIRED article by Lily Hay Newman - Microsoft’s Digital Crime Unit Goes Deep on How It Disrupts Cybercrime. In part, the article discusses MS-DCU's case against the hackers that they call Storm-1152. According to DCU, Storm-1152 used their CAPTCHA-cracking capabilities ... Read More
Best of 2023: Watching a Crypto Investment Scam WhatsApp Group

Best of 2023: Watching a Crypto Investment Scam WhatsApp Group

| | #CryptoScam, #InvestmentScam
If your online accounts are like mine, almost every day I'm "force joined" to a new Telegram group where a crypto investment scammer tries to tell everyone how great their scam investment site is. This week, I started getting added to WhatsApp Crypto Investment Scams. I thought I'd share the experience ... Read More
China continues Pig-Butchering Crack-down

China continues Pig-Butchering Crack-down

One of my techniques for keeping current on Cybercrime trends is having an "interesting" collection of international news ticklers. This story came to me via X:CyberScamMonitor via a QQ account called "onCambodia." @CyberScamMonitor is a Twitter/X account and Substack account dedicated to tracking online scam and gambling operations in Southeast ... Read More
Mirror Trading International's Cornelius Johannes Steynberg and his $3.4 Billion USD Default Judgement

Mirror Trading International’s Cornelius Johannes Steynberg and his $3.4 Billion USD Default Judgement

Some of you may have heard that students in UAB's Investigating Online Crimes class have been researching Crypto Investment Scam websites.  You can find a list of some of the sites we've identified so far on URLScan.io using our tag "CryptoScam" (as of this writing we have 3600+ sites on the ... Read More

SIM Swapping, Crypto Theft, and Sentencing in the United States

As you know from the title of my blog, "CyberCrime & Doing Time," I'm very interested in cybercrime and the criminal justice system. This week I've been looking at SIM Swapping cases and wanted to share what I learned from reading the sentencing memos sentencing transcript for Ricky Handschumacher. Ricky ... Read More
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