Russian Hacker Jailed in U.S. for $19M Fraud
The Moscow Times, 08 January 2021
A Russian hacker was sentenced to 12 years in a U.S. prison Thursday for consumer data theft worth $19 million from 100 million customers of over a dozen financial service companies, the Justice Department said.
Andrei Tyurin, 37, pleaded guilty in 2019 after his extradition from the country of Georgia the previous year, admitting to computer intrusion, wire fraud, bank fraud and illegal online gambling offenses. The U.S. accused him of making criminal profits from financial sector hacks between 2007 and mid-2015. Continue reading “Article: Russian Hacker Jailed in U.S. for $19M Fraud”
Steve Cohen probably isn’t going to save the Mets
Sheryl Ring, 07 December 2019
In November 2013, SAC Management Companies, a hedge fund operated by new Mets owner Steve Cohen, agreed to pay $1.8 billion – with a B – to resolve insider trading and money laundering charges. Continue reading “Article: Steve Cohen probably isn’t going to save the Mets”
Millions in suspected Russian crime proceeds flowed through Canadian banks, companies
Diana Swain and Jennifer Fowler, 10 May 2017
A powerful Russian crime syndicate that’s accused of laundering hundreds of millions of dollars around the world appears to have also flowed millions through nearly 30 Canadian bank accounts.
A CBC News investigation has spent months tracking down some of the individuals and companies attached to those accounts and found the $2 million sent to Canada was spread among recipients ranging from a boxing manager in Montreal to a construction company in Calgary. Continue reading “Article: Millions in suspected Russian crime proceeds flowed through Canadian banks, companies”
SAC Capital $1.8 billion penalty approved
Aaron Smith, 10 April 2014
A federal judge on Thursday approved a $1.8 billion settlement resulting from the guilty plea of hedge fund operator SAC Capital on charges related to insider trading by its employees. The firm, now known as Point72, reached the settlement last November with federal prosecutors, citing the firm for failing to prevent its employees from engaging in the illegal activity. Continue reading “Article: SAC Capital $1.8 billion penalty approved”