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Russian pleads guilty to $568M cybercrime fraud charges
One of the leaders of the Infraud Organization pleaded guilty Friday to Racketeering Influenced and Corrupt Organization Action (RICO) conspiracy following an investigation lead by U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (HSI) and the Henderson, Nevada, police department. Infraud was 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.
Sergey Medvedev, aka “Stells,” “segmed,” “serjbear,” 33, of the Russian Federation, pleaded guilty in the U.S. District Court for the District of Nevada. According to the indictment, the Infraud Organization was created in October 2010 by Svyatoslav Bondarenko aka “Obnon,” “Rector,” and “Helkern,” 34, of Ukraine, to promote and grow interest in the Infraud Organization as the premier destination for “carding” – purchasing retail items with counterfeit or stolen credit card information – on the Internet. Under the slogan “In Fraud We Trust,” the organization directed traffic and potential purchasers to the automated vending sites of its members, which served as online conduits to traffic in stolen means of identification, stolen financial and banking information, malware, and other illicit goods. It also provided an escrow service to facilitate illicit digital currency transactions among its members and employed screening protocols that purported to ensure only high quality vendors of stolen cards, personally identifiable information, and other contraband were permitted to advertise to members. In March 2017, there were 10,901 registered members of the Infraud Organization.
- U.S. Immigration and Customer Enforcement (ICE) press release