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Three Romanians Carrying Out a $4m Cyber-Fraud to Face Prosecution in USA

Three men from Romania were recently extradited to USA to be prosecuted over charges they carried out certain cyber-fraud campaign wherein 60,000-or-more PCs were infected that resulted in the theft of $4m-or-more by the accused. Investing.com posted this, December 16, 2016.

Radu Miclaus aged 34, Tiberiu Danet aged 31, and Bogdan Nicolescu aged 34 were accused of crime within an indictment that was duly filed inside Cleveland federal court. The three are each accused of conniving towards amassing phony service marks, performing wire-fraud, committing aggravated ID-theft, and doing money-laundering.

Miclaus, Danet and Nicolescu together executed one criminal conspiracy while in Bucharest, Romania. Their operation started during 2007 when they developed proprietary malware and spread it via malicious e-mails supposedly genuine from agencies such as the IRS, Norton AntiVirus and Western Union. Soon as recipients opened one given attachment, the malware sneakily got planted onto their PCs.

The malicious software dug out e-mail ids on the contaminated PCs like from e-mail A/Cs or contact lists, followed with sending further malicious e-mails onward towards the dug out addresses.

When the victims went to eBay, PayPal, Facebook or other websites, the alleged Romanian criminals tapped their requests followed with diverting the infected PCs onto one closely-resembling website they crafted. After this, they stole account credentials. And with all the information from the stolen payment cards, they made illegal withdrawals to meet the expenses of their crime-based infrastructures, like acquiring registered domain names, hiring server space, or making payments for VPNs (Virtual Private Networks).

Prosecutors said they further posted more than one thousand listings for goods like motorcycles, cars etc for auction on websites including eBay accompanied with malware inflicted photos, which if any victim clicked, he got diverted onto bogus web-pages that prompted him for paying via one fictitious "escrow agent" that wire-transferred the same onto entities based within Eastern Europe, who in turn handed over the amount to the criminals. Eventually, loss to the victims accounted for approximately $4m.

Symantec Corp stated that the "Bayrob" band of three as it was named had filched a maximum of USD$35m from victims via a variety of ways.

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