Inside the Scheme That Tricked 15,000 Americans Into Laundering Cybercrime Funds

Inside the Scheme That Tricked 15,000 Americans into Laundering Cybercrime Funds

Oleg Korniev pleaded guilty to running 'Your Mule Cashout,' a network that used fake job offers to trick 15,000 U.S. money mules into laundering over $10 million.

Leader of vast money mule operation that laundered cybercriminal proceeds pleads guilty

Oleg Korniev, a 42-year-old dual citizen of Ukraine and Russia, was a principal of Your Mule Cashout, or “YMCO,” which from 2007 until 2014 set up a sophisticated network of mules in the U.S. and Europe.

Charlotte FBI Investigation Takes Down Leader of $14.7 Million International Cybercrime Network

A Charlotte-led FBI investigation has finally reached one of its biggest targets after more than a decade of international pursuit. Oleg Korniev, a 42-year-old Ukrainian-Russian dual citizen, just pled guilty from a Gaston County jail to running a massive global money-laundering operation. Federal prosecutors say the network moved millions stolen from American businesses and bank accounts. “For years, the FBI has worked tirelessly to unravel the…