Nigerian Money Transfer Company Linked to Romance Scam Money Laundering

Nigerian Money Transfer Company Linked to Romance Scam Money Laundering

On July 7, 2022, the US Attorney for the Northern District of Texas announced that Ping Express had been found guilty. Prior to this, their CEO Anslem Oshionebo*, their COO Opeyemi Odeyale ...
Russia’s War in Ukraine Has Complicated the Means Through Which Cybercriminals Launder Funds. Here’s How They’re Adapting

Russia’s War in Ukraine Has Complicated the Means Through Which Cybercriminals Launder Funds. Here’s How They’re Adapting

Perfect storm: Sanctions and counter-sanctions  Sanctions introduced against Russia in the wake of the 2022 Russian invasion of Ukraine—coupled with capital controls introduced by the Russian Central Bank to counter them—have affected ...
cryptomixers cryptocurrency

Cryptomixers Enable Ransomware Payment Laundering

While cryptomixers aren’t illegal in and of themselves, they have become “a linchpin in ransomware schemes,” according to a report from Intel 471. As the name implies, cryptomixers, typically standalone services, mix ...
Security Boulevard
Ukrainian cash

Cops Cop Cl0p Ransomware Gang (or Maybe Not?)

The National Police of Ukraine is crowing about arresting eight alleged ransomware scrotes from the Clop gang ...
Security Boulevard
Ukrainian Gets 9 Years in Prison for Trying to Steal $10M from Microsoft

Ukrainian Gets 9 Years in Prison for Trying to Steal $10M from Microsoft

A Ukrainian citizen received a nine-year prison sentence for a scheme in which he tried to steal $10 million from Microsoft. On November 9, the U.S. District Court in Seattle handed down ...
Trickbot on the Ropes Part 2: The QQAAZZ Money Laundering Ring

Trickbot on the Ropes Part 2: The QQAAZZ Money Laundering Ring

While shutting down the technical aspects of malware is critical (see Trickbot on the Ropes Part 1), the real disincentive to the criminals is when you hit them hard in the money.  ...
Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme

Bitcoin Exchange Owner Convicted for Role in Web Auction Fraud Scheme

A federal jury convicted the owner of a bitcoin exchange for his role in a multi-million dollar scheme involving online auction fraud. On September 28, a federal jury in Frankfort, Kentucky found ...
banking FinCEN

The FINCEN Files Leakage

This week began with the International Consortium of Investigative Journalists (ICIJ) providing a view and analysis into thousands of financial transactions contained within Suspicious Activity Reports (SARs) that were leaked from with ...
Security Boulevard
San Diego Resident Receives 46 Months after Pleading Guilty to Million-Dollar Scam Involving the Stolen Identities of Military Members

San Diego Resident Receives 46 Months after Pleading Guilty to Million-Dollar Scam Involving the Stolen Identities of Military Members

A 32-year old California man was sentenced to 46 months in federal prison after pleading guilty to a million-dollar scheme involving stolen identities of United States service members and veterans. During his ...
Dubai Police operation Fox Hunt 2

Hushpuppi and Mr.Woodbery, BEC scammers: Welcome to Chicago!

There are quite a few West African scammers who try to explain away their wealth by claiming they are a "bitcoin entrepreneur" or "real estate investor" when in fact they conduct Business ...