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Transnational Cybercrime Group Co-Founder Who Amassed $568M Pleads Guilty

Tracy CHEN

Summary: Russian man Sergey Medvedev behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million, according to the announcement made by the U.S. Department of Justice (DOJ).The DOJ accuses the ...

Russian man Sergey Medvedev behind the cybercriminal enterprise Infraud Organization has pleaded guilty on June 26 to racketeering conspiracy, due to his role as a co-founder and admin of the dark web-based carding portal which generated profits over $568 million, according to the announcement made by the U.S. Department of Justice (DOJ).
The DOJ accuses the Infraud Organization of being the “premier destination” for people who want to buy retail items with counterfeit or stolen credit card information, whose transactions were made via cryptocurrencies.

Tracy Chen


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