October 6, 2024 at 11:50AM Evan Frederick Light from Indiana pleaded guilty to stealing $37.7 million worth of cryptocurrency from 571 victims in a 2022 cyberattack. He stole the funds by exploiting vulnerabilities in an investment company’s servers and used various means to conceal the trace of the assets. The FBI tracked and arrested Light, … Read more
September 30, 2024 at 01:47PM Benjamin Paley, co-owner of Minnesota’s GEN8 Services, is indicted in the U.S. for participating in an international conspiracy to traffic counterfeit networking devices. Alongside co-conspirators, Paley allegedly sold at least 3,637 forged Brocade switch licenses, causing Brocade significant financial losses. He may face a maximum of 20 years in prison … Read more
September 5, 2024 at 07:12AM Two Nigerian nationals, Ebuka Raphael Umeti, 35, and Franklin Ifeanyichukwu Okwonna, 34, were sentenced in the US for running a business email compromise (BEC) scheme. Umeti received a 10-year prison term, while Okwonna got five years and three months. They were ordered to pay roughly $5 million in restitution for … Read more
July 29, 2024 at 02:05PM Three individuals involved in a large-scale software pirating operation, selling unauthorized Avaya business telephone system software licenses worth over $88,000,000, were sentenced to prison. The individuals, Raymond Bradley “Brad” Pearce, Dusti O. Pearce, and Jason M. Hines, pleaded guilty and were ordered to forfeit between $2 to $4 million as … Read more