Mastermind of 15,000-Mule Laundering Network YMCO Pleads Guilty in US
Oleg Korniev, 42, a dual citizen of Ukraine and Russia, pleaded guilty in a US court for leading Your Mule Cashout (YMCO), a money laundering network used by cybercriminals. YMCO recruited over 15,000 US money mules and laundered at least $10 million from more than 750 bank accounts; Korniev faces 2 to 50 years in prison.
- YMCO recruited more than 15,000 US residents as money mules
- At least $10 million laundered from over 750 US bank accounts
- Korniev admitted to $14.7 million in losses and laundering $7 million
- He faces between 2 and 50 years in prison
Read next
Security