Manhattan, NY computer hacker sentenced for stealing and laundering money
April 7th, 2010 - 11:50 pm ICT by BNO NewsMANHATTAN, NEW YORK (BNO NEWS) – A computer hacker of Manhattan, New York was sentenced to 37 months in prison for hacking into victim’s brokerage accounts to steal and launder money and sending a portion back to co-conspirators in Russia, prosecutors announced on Wednesday.
From September 2006 to December 2007, Aleksey Volynskiy and co-defendant Alexander Bobnev participated in a scheme to steal funds from bank and brokerage accounts by hacking them through the internet, using personal financial information obtained through computer viruses in order to launder the stolen proceeds.
The co-defendants used Trojan horses (concealed computer codes) to hack into the personal computers of multiple victims; the Trojan horses gathered account information as the victims accessed their bank and brokerage accounts through the internet.
With such information, Volynskiy, Bobnev and others made unauthorized wire transfers and sales of securities. To conceal their fraudulent scheme, they set up various “drop” accounts where they deposited the stolen money. Some portion of the money was transferred to bank accounts in Russia.
In addition to this crime, Volynskiy stole approximately 180 credit card numbers and ordered to a cooperating witness to fabricate the credit cards. Volynskiy intended to withdraw money from ATMs using the fraudulent credit cards.
Volynskiy was also ordered to pay $30,000 in restitution to the victims of his offenses. Bobnev hasn’t been arrested, he remains at large.
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Tags: aleksey, bank accounts, bno, brokerage, computer hacker, computer viruses, conspirators, credit card numbers, defendant, fraudulent credit cards, fraudulent scheme, laundering money, manhattan new york, manhattan ny, ny computer, personal computers, prosecutors, restitution, trojan horses, wire transfers