A recent indictment has charged 12 additional individuals in a cyber-enabled racketeering conspiracy that reportedly accumulated over $263 million. The indictment reveals a complex network that began in late 2023, linking back to friendships formed in online gaming. Participants operated in various roles including hackers, callers using social engineering tactics, and money launderers, facilitating the theft and conversion of cryptocurrency into fiat currency. Key arrests have been made in California while others remain at large abroad, signifying the extent of their operations across international borders.
The defendants face serious charges including RICO conspiracy, wire fraud, and money laundering, reflecting the scale and complexity of their cyber-enabled criminal activities.
U.S. Attorney Jeanine Ferris Pirro highlighted the sophisticated organization of the enterprise, which evolved from friendships formed in online gaming to a massive cybercriminal operation.
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