The US Justice Department indicted 36 people in a cyber-ring created by a Ukrainian national on identity theft trafficking charges.
It was from the Infraud online forum that the ring, whose slogan is “In Fraud We Trust,” helped cyber-criminals buy and sell US Social Security numbers, passwords and other private information, and fleeced victims of more than US$ 530 million (£378 million).
Thirteen defendants were arrested in the US and elsewhere after a Las Vegas grand jury indictment was unsealed.
“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 P. Cronan said in a release. “As alleged in the indictment, Infraud operated like a business to facilitate cyber-fraud on a global scale.”
He contended that “the losses they intended to cause amounted to more than US$ 2.2 billion (£1.6 billion).”
The criminal organisation was created in October 2010 by 34-year-old Ukrainian Svyatoslav Bondarenko aka “Obnon,” aka “Rector,” aka “Helkern” and by March 2017 had 10,901 registered members.