Work at Home, Make Big Money
You may have heard of the customer working from home doing payroll or some other tasks for extra money. They use an account with your bank as a part of their job. Certainly it could be a scam related money laundering.
Some work at home offers are just scams. In this example, unwilling participants who thought they were processing payroll for an international company were actually money mules. Funds went into an account, and back out. The money was actually being laundered. It was stolen.
Alexey Mineev, of Hampton, New Hampshire recently plead guilty to money laundering charges. He set up drop accounts that were used to receive and send monies that were stolen from brokerage accounts. Mineev could be sentenced to two years in prison, and a $40,000 fine. His plea agreement has him returning the $112,000 he made for his part in the scheme between July and December 2007.
Mineev, and his co-conspirators, Alexander Bobnev and Aleksey Volynskiy worked as a team. They would entice users to watch an online video that required a special codec to be installed, a screensaver or a security patch - which would actually be the delivery mechanism for a Trojan.
They could then monitor the users activities looking for passwords and other logon information for brokerage or bank accounts. Screenshots could be reviewed that also showed the balance in the user's account. Bobnev would review the accounts and Mineev and Volynskiy would move the funds through drop accounts. Once the funds left the U.S. they would be virtually impossible to recover. Western Union was often used to move the money out of the country.
Your customers need a constant reminder to keep their cyber-safeguards up. They need to protect themselves from Trojans. And still other customers need to be vigilant about who they work for and what jobs they may be doing. They could be money mules and not know it. We have read on the BOL threads where both of these customers could be at the same bank. The bank is certainly a loser in this situation.
Some work at home offers are just scams. In this example, unwilling participants who thought they were processing payroll for an international company were actually money mules. Funds went into an account, and back out. The money was actually being laundered. It was stolen.
Alexey Mineev, of Hampton, New Hampshire recently plead guilty to money laundering charges. He set up drop accounts that were used to receive and send monies that were stolen from brokerage accounts. Mineev could be sentenced to two years in prison, and a $40,000 fine. His plea agreement has him returning the $112,000 he made for his part in the scheme between July and December 2007.
Mineev, and his co-conspirators, Alexander Bobnev and Aleksey Volynskiy worked as a team. They would entice users to watch an online video that required a special codec to be installed, a screensaver or a security patch - which would actually be the delivery mechanism for a Trojan.
They could then monitor the users activities looking for passwords and other logon information for brokerage or bank accounts. Screenshots could be reviewed that also showed the balance in the user's account. Bobnev would review the accounts and Mineev and Volynskiy would move the funds through drop accounts. Once the funds left the U.S. they would be virtually impossible to recover. Western Union was often used to move the money out of the country.
Your customers need a constant reminder to keep their cyber-safeguards up. They need to protect themselves from Trojans. And still other customers need to be vigilant about who they work for and what jobs they may be doing. They could be money mules and not know it. We have read on the BOL threads where both of these customers could be at the same bank. The bank is certainly a loser in this situation.
posted by Andy at
7:08 AM
