U.S. Department of Justice indicts members of cyber-gang created by Ukrainian for $530 mln losses
The U.S. judicial authorities have indicted 36 individuals for their alleged roles in a large-scale cyber-fraud operation, the U.S. Department of Justice has reported.
According to a statement released on its website on February 7, the Infraud Organization, under the slogan "In Fraud We Trust," was created in 2010 by Ukrainian Sviatoslav Bondarenko, who is now 34 years old.
The list also includes 34-year-old Ukrainian Oleksiy Klymenko and Russian Andrei Novak.
According to the report, law enforcement authorities arrested 13 defendants from the United States and six countries: Australia, the United Kingdom, France, Italy, Kosovo and Serbia.
"Today's indictment and arrests mark one of the largest cyber-fraud enterprise prosecutions ever undertaken by the Department of Justice," Acting Assistant Attorney General John Cronan said.
"A federal indictment was unsealed today charging 36 individuals for their alleged roles in the Infraud Organization, an Internet-based cybercriminal enterprise engaged in the large-scale acquisition, sale, and dissemination of stolen identities, compromised debit and credit cards, personally identifiable information, financial and banking information, computer malware, and other contraband," the Department of Justice reported.
The report emphasizes that the United States and other countries were affected by the actions of fraudsters.
In total, they allegedly caused more than $530 million in actual losses to consumers, businesses, and financial institutions.