Western Express card-criminals behind bars

Sunday, 11/08/2013 | 00:00 GMT by FMAdmin Someone
Western Express card-criminals behind bars

New York trial puts 3 cyber criminals in jail for trafficking over 95000 credit cards and stealing millions of dollars.

Douglas Latta, Anna Ciano and Egor Shevelev were found guilty of conspiracy, scheme to defraud, grand larceny and criminal possession of stolen property. They had been part of the "Western Express Cybercrime Group" from 2001-2007 in which stolen credit-card numbers and personal identifiers were trafficked through internet forums - using digital currencies such as Egold and Webmoney for payment. The money was then laundered through a company called Western Express, owned by Vadim Vassilenko who, along with 10 other gang members, has pleaded guilty to various charges.

Manhattan district attorney Cyrus Vance says: "It was a highly profitable scheme that netted the principals millions of dollars. I am pleased that these defendants have been sentenced to prison sentences appropriate to the scope and breadth of their misconduct."

While the news of these men being locked away brings us some comfort, we cannot ignore the fact that they are not the only ones out there. Questions about the safely of digital currencies have become hot topics and while they provide the international internet community with expanded payment opportunities, they also leave us vulnerable to criminal activity.

Image courtesy of Flickr

New York trial puts 3 cyber criminals in jail for trafficking over 95000 credit cards and stealing millions of dollars.

Douglas Latta, Anna Ciano and Egor Shevelev were found guilty of conspiracy, scheme to defraud, grand larceny and criminal possession of stolen property. They had been part of the "Western Express Cybercrime Group" from 2001-2007 in which stolen credit-card numbers and personal identifiers were trafficked through internet forums - using digital currencies such as Egold and Webmoney for payment. The money was then laundered through a company called Western Express, owned by Vadim Vassilenko who, along with 10 other gang members, has pleaded guilty to various charges.

Manhattan district attorney Cyrus Vance says: "It was a highly profitable scheme that netted the principals millions of dollars. I am pleased that these defendants have been sentenced to prison sentences appropriate to the scope and breadth of their misconduct."

While the news of these men being locked away brings us some comfort, we cannot ignore the fact that they are not the only ones out there. Questions about the safely of digital currencies have become hot topics and while they provide the international internet community with expanded payment opportunities, they also leave us vulnerable to criminal activity.

Image courtesy of Flickr

Topics
fraud
About the Author: FMAdmin Someone
FMAdmin Someone
  • 1245 Articles
  • 16 Followers
sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf sdf

More from the Author

FinTech

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"

FMLS:24 panel on "Swimming Naked? Liquidity Amid Market Hiccups"
More Videos

  • FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

    FM's Editor-in-Chief Yam Yehoshua on how the newsroom evaluates stories.

  • Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

    Matthew Smith, Group CEO at EC Markets, speaking at FMLS:24

  • Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    Finance Magnates Annual Awards 2024 | FM Awards 2024 Highlights

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

    🎥Catch the best moments from the Finance Magnates Annual Awards Gala Dinner! An evening where top names in finance came together to celebrate achievements, enjoy live music, and connect over a memorable dinner. Watch the highlights and feel the energy of our first gala in Cyprus! Congratulations to all the winners for their dedication to excellence and leadership in the financial industry, including XM, Trading PRO, FP Markets, Deriv, FxPro, LATAM, Headway, ATFX, FBS, AMEGA, EC Markets, Axi For more information about the 1st Finance Magnates Annual Awards, visit https://bit.ly/3Zb7wNz #FinanceMagnatesGala #IndustryExcellence #GalaHighlights #FinanceMagnatesAnnualAwards #FinanceMagnatesAwards #CelebratingSuccess #FinanceCommunity

  • FMLS:24 | Shaping the Next Era of Financial Evolution

    FMLS:24 | Shaping the Next Era of Financial Evolution

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!

    Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers gather to close deals, forge new partnerships, and strengthen connections with long-term clients. Whether you’re in finance, technology, or payments, this summit is your gateway to future growth, meaningful collaborations, and industry-leading insights. 👉 Don't miss out – secure your ticket now at https://events.financemagnates.com/ZQEYy0?utm_source=youtube&utm_campaign=fmls24-awareness&utm_medium=video&RefId=MLS%3A24+Video+Promo #fmls #fmls24 #fmevents #financemagnates #forex #payments #crypto #events #london #fintech #ai #generativeai #technology #onlinetrading #forex #investing #investors #tech 📣 Stay updated with the latest in finance and trading! Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today: 🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/ 👍 Facebook: https://www.facebook.com/FinanceMagnatesEvents 📸 Instagram: https://www.instagram.com/fmevents_official 🐦 Twitter: https://twitter.com/F_M_events 🎥 TikTok: https://www.tiktok.com/@fmevents_official ▶️ YouTube: https://www.youtube.com/@FinanceMagnates_official Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!