Oleg Korniev pleaded guilty in U.S. federal court for helping run Your Mule Cashout (YMCO), an international money-laundering network that used more than 15,000 unwitting money mules to move criminal proceeds. YMCO laundered at least $10 million from hacked U.S. bank accounts, and Korniev now faces up to 50 years in prison. #OlegKorniev #YourMuleCashout #YMCO
Keypoints
- Oleg Korniev pleaded guilty to multiple money-laundering and fraud-related charges.
- Your Mule Cashout (YMCO) used more than 15,000 unwitting money mules across several countries.
- The scheme recruited victims through fake company websites and phony job offers.
- YMCO laundered at least $10 million stolen from 750 U.S. bank accounts compromised with malware.
- Korniev faces a prison sentence of up to 50 years.
Read More: https://therecord.media/leader-of-money-mule-operation-for-cybercriminals-pleads-guilty