FBI Alleges Russian Man Laundered Cybercriminals' Money

FBI Alleges Russian Man Laundered Cybercriminals' Money

Account Takeover , Cybercrime , Fraud Management & Cybercrime

Suspect Who Was Arrested Turned Cash Into Bitcoin for Gang, Authorities Say Ishita Chigilli Palli (Ishita_CP) • April 1, 2020     The FBI alleges Maksim Boiko of Russia laundered money for cybercriminals. (Photo: FBI)

The FBI has arrested a Russian national for allegedly helping an international cybercriminal gang launder its money by turning cash into bitcoin and other cryptocurrencies, according to court documents filed by the investigating agents.


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Maksim Boiko, 29, was arrested by FBI agents on March 28 in Miami and is in federal custody; he's expected to be transferred to Pittsburgh in the coming weeks, according to the Pittsburgh Post-Gazette.


When he's arraigned in federal court in Pittsburgh, Boiko will be charged with money laundering, according to court documents. That carries a maximum sentence of 10 years in prison.


In the court documents, FBI agents accuse Boiko, who goes by the online name "gangass," of being a "significant cybercriminal" who provided other criminals with services, such as access to bank accounts around the world and converting cash into bitcoin and other virt ..

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