US Indicts Money Launderers to Cyber-criminal Elite

  • The United States has indicted alleged users of a transnational gang that laundered thousands and thousands of pounds for the cyber-felony elite.

    Fourteen alleged customers of the felony organization QQAAZZ were being charged by a federal grand jury in the Western District of Pennsylvania in an indictment unsealed nowadays.

    The QQAAZZ customers are accused of conspiring with cyber-criminals all over the entire world to launder funds stolen from victims of personal computer fraud in the United States and in other places.

    The indictment alleges that, considering that 2016, the gang has laundered, or tried to launder, tens of thousands and thousands of dollars’ well worth of stolen money. A associated indictment unsealed in Oct 2019 charged five members of QQAAZZ.

    Drawing from a network of customers situated in Latvia, Georgia, Bulgaria, Romania, and Belgium, between other countries, QQAAZZ opened and managed hundreds of company and own lender accounts at economical establishments in various nations to acquire dollars stolen by cyber-criminals from financial institution accounts of victims.

    “The cash had been then transferred to other QQAAZZ-controlled bank accounts and in some cases transformed to cryptocurrency using ‘tumbling’ services intended to cover the initial resource of the resources,” said the Section of Justice.

    “Soon after taking a cost of up to 40 to 50 percent, QQAAZZ returned the equilibrium of the stolen resources to their cybercriminal clientele.”

    QQAAZZ marketed its services as a “global, complicit bank drops service” on Russian-talking on the internet cyber-criminal message boards. Among the menace actors that used QQAAZZ’s expert services are the creators of Dridex, Trickbot, and GozNym.

    In a intently coordinated international operation, far more than 40 house searches were carried out in Latvia, Bulgaria, the United Kingdom, Spain, and Italy, with prison prosecutions initiated in the United States, Portugal, Spain, and the United Kingdom.

    Far more lookups and arrests were being carried out in Latvia by the Latvian Condition Police than in any other state. Law enforcement in Bulgaria, conducting queries as part of the international operation, uncovered an extensive Bitcoin-mining operation involved with QQAAZZ.

    American victims impacted by QQAAZZ involve a Jewish Orthodox Synagogue in Brooklyn, New York, a technology corporation in Windsor, Connecticut, a health-related unit manufacturer in York, Pennsylvania, and an automotive elements manufacturer in Livonia, Michigan.