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Ex-Microsoft Engineer to Serve Jail over Money Laundering Involving Ransomware

 

An erstwhile engineer with Microsoft faces a jail sentence for eighteen months following conviction with charges of money laundering after victimizing people with Reveton ransomware. Previously during March 2018, 41-yr-old Raymond Odigie Uadiale, the man sentenced faced charges after which he pleaded guilty in April, so states court documents, as per reports from Bleeping Computer.

 

Reveton is used to infect computers followed with encrypting folders containing system files. Subsequently, one message appears onscreen which states the end-user just breached federal law followed with downloading illegal content. When ransomware schemes were fresh during October 2012-March 2013, the Reveton malware hit the wild. At that time, Bitcoin was not in vogue of making payments with to revive from ransomware attacks.

 

Rather operators of Reveton directed victimized end-users for buying a voucher known as GreenDot MoneyPak then adopting the decryption key onto the voucher followed with incorporating it into Reveton's section which coated the computer screen for regaining hold over their systems.

 

Once the ransom money was deposited, K!NG subsequently moved GreenDot MoneyPak vouchers inside the bank account of the victim, here Uadiale. Bank then converted the voucher money into a digital currency called Liberty Reserve followed with transferring the entire amount into the Liberty Reserve A/C of K!NG. After retaining 30 percent of the fund to compensate for his own services, Uadiale let the remaining. Bleepingcomputer.com posted this, August 15, 2018.

 

Post buying the voucher, victims are directed for feeding in their A/C number into what is called FBI home screen. Here is where Uadiale tricked via laundering the money converted from the MoneyPak voucher as liquid fund through the utilization of prepaid payment cards specifically debit cards.

 

Prosecutors say, UK was the country where the distributor stayed to whom Odigie dispatched the remaining $93,649 valued at Liberty Reserve USD.

 

When Reveton was circulating, Uadiale was studying graduation course from Florida International University. The period was 2012-13.

 

Along with the jail sentence, Odigie Uadiale as well faces sentence of 3-yrs of release under supervision. At first, he received one jail term of a maximum of 20 years as well as one monetary penalty of a maximum of USD500K.

» SPAMfighter News - 24-08-2018

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