About those Sealed Indictments – Some Interesting Finds

Russian National Arrested For Cyber Crime In Bangkok, Allegedly Had $820 Mln in BTC

SEE the ‘Now UNSEALED Indictments’ here   … Now ask, “WHAT does this have to do with Las Vegas, Nevada? Another coincidence?”

source

Russian National Arrested For Cyber Crime In Bangkok, Allegedly Had $820 Mln in BTC

Police have apprehended a Russian citizen believed to be the number two in an international cybercrime organization, the Bangkok Post reported.

Sergey Sergeyevich Medvedev was arrested in Bangkok last Friday, Feb. 2, by the Thai Crime Suppression Division (CSD) on a request from the US Federal Bureau of Investigation. A laptop and documents were taken as evidence by the CSD.

A source told The Bangkok post that evidence showed that Medvedev had over 100,000 Bitcoin (BTC) at the time of his arrest, approximately $820 mln. However, the Post wrote that Medvedev’s 100,000 BTC was equal to about 100 mln baht, when it is actually equal to 26,523,087,316 baht.

Medvedev allegedly was an administrator for the Dark Web site Infraud – whose slogan was “In Fraud We Trust” – that dealt primarily in the sale of stolen credit cards and identities and illegally obtained government documents.

On Feb. 7 the US Department of Justice (DOJ) had released an indictment of 36 individuals, not including Medvedev, charged with participating in Infraud. The DOJ has now arrested 13 criminals from 17 countries for defrauding victims of over $530 mln as well as over $2.2 bln in losses.

Infraud Organization

The coordinated effort to apprehend the alleged perpetrators involved the US, Australia, the UK, France, Italy, Kosovo, Serbia, and additionally Thailand, according to the Bangkok Post.

Infraud was purportedly founded by Ukrainian national Svyatoslav Bondarek in 2010. Bondarek disappeared from online activity in 2015, which is when Medvedev reportedly took control over Infraud.

Cybersecurity news site CyberScoop claims that Medvedev allegedly operated the “escrow service”for Infraud, which, according to the DOJ’s Justice News release:

“facilitate[d] 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.”

It was forbidden within the organization to trade in stolen information from victims located in Russia, a rule common to many cybercrime groups, writes CyberScoop.

The Bangkok Post site is currently unavailable to those located in Russia, but Russian news outlet RBK posted an article on Medvedev’s arrest with a link to a cached version of the Bangkok Post article.

 

This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s