Showing posts with label Federal Bureau of Investigation. Show all posts
Showing posts with label Federal Bureau of Investigation. Show all posts




Photo from USAPlayers.com
Internet Gambling Payment Processor Pleads Guilty in Manhattan Federal Court to Illegal Gambling Offense



PREET BHARARA, the United States Attorney for the Southern District of New York, announced that DOUGLAS RENNICK pleaded guilty today in Manhattan federal court before United States District Judge SIDNEY H. STEIN to charges that he used the wires to transmit bets and wagering information in interstate commerce, stemming from his role in processing more than $350 million for Internet gambling companies.



According to the documents filed and RENNICK's plea allocution in Manhattan federal court:



From at least 2007 through June 2009, RENNICK opened a number of bank accounts in the United States under various corporate names, such as KJB Financial Corporation, Account Services Corporation, and Check Payment Financial Co. RENNICK and others used the accounts to receive funds from offshore Internet gambling companies that offered, variously, poker, blackjack, slots, and other casino games. RENNICK and his associates then disbursed those funds via checks to United States residents seeking to cash out their gambling winnings. In total, RENNICK and his associates processed more than $350 million transferred from a Cyprus bank account to various United States bank accounts for this purpose.



RENNICK, 34, of Canada, pleaded guilty to one count of using the wires to transmit bets and wagering information in interstate commerce. RENNICK faces a maximum sentence of 2 years in prison and a fine of $250,000, or twice the gross gain or loss from the offense. RENNICK also admitted to forfeiture allegations requiring him to forfeit approximately $565,908,288, which represents the amount of proceeds obtained as a result of the illegal gambling offense. He is scheduled to be sentenced by Judge STEIN on September 15, 2010.



Mr. BHARARA praised the investigative work of the Federal Bureau of Investigation and thanked the Department of Homeland Security's U.S. Immigration and Customs Enforcement and the Internal Revenue Service for their assistance in the investigation.



Assistant United States Attorneys ARLO DEVLIN-BROWN and JONATHAN NEW are in charge of the prosecution, and Assistant United States Attorney JEFFREY ALBERTS is in charge of the forfeiture in this case.

Posted by John B. Frank Thursday, May 13, 2010 0 comments




Photo from USAPlayers.com
Internet Gambling Payment Processor Pleads Guilty in Manhattan Federal Court to Illegal Gambling Offense



PREET BHARARA, the United States Attorney for the Southern District of New York, announced that DOUGLAS RENNICK pleaded guilty today in Manhattan federal court before United States District Judge SIDNEY H. STEIN to charges that he used the wires to transmit bets and wagering information in interstate commerce, stemming from his role in processing more than $350 million for Internet gambling companies.



According to the documents filed and RENNICK's plea allocution in Manhattan federal court:



From at least 2007 through June 2009, RENNICK opened a number of bank accounts in the United States under various corporate names, such as KJB Financial Corporation, Account Services Corporation, and Check Payment Financial Co. RENNICK and others used the accounts to receive funds from offshore Internet gambling companies that offered, variously, poker, blackjack, slots, and other casino games. RENNICK and his associates then disbursed those funds via checks to United States residents seeking to cash out their gambling winnings. In total, RENNICK and his associates processed more than $350 million transferred from a Cyprus bank account to various United States bank accounts for this purpose.



RENNICK, 34, of Canada, pleaded guilty to one count of using the wires to transmit bets and wagering information in interstate commerce. RENNICK faces a maximum sentence of 2 years in prison and a fine of $250,000, or twice the gross gain or loss from the offense. RENNICK also admitted to forfeiture allegations requiring him to forfeit approximately $565,908,288, which represents the amount of proceeds obtained as a result of the illegal gambling offense. He is scheduled to be sentenced by Judge STEIN on September 15, 2010.



Mr. BHARARA praised the investigative work of the Federal Bureau of Investigation and thanked the Department of Homeland Security's U.S. Immigration and Customs Enforcement and the Internal Revenue Service for their assistance in the investigation.



Assistant United States Attorneys ARLO DEVLIN-BROWN and JONATHAN NEW are in charge of the prosecution, and Assistant United States Attorney JEFFREY ALBERTS is in charge of the forfeiture in this case.

Posted by John B. Frank 0 comments



From: Help Net Security



So says Deputy Assistant FBI Director Steven Chabinsky, who assures us that law enforcement is taking the cyber threat very seriously. "The cyber threat can be an existential threat, meaning it can challenge our country's very existence, or significantly alter our nation's potential," Chabinsky said at the FOSE government IT show.



According to him, cyber crime actually pays so much that people that may have initially dabbed in it, are now quitting their day jobs and becoming "career criminals". This fact makes it possible for them to specialize in what they do best, and it is exactly that which makes them extremely efficient.



eSecurity Planet reports that the various sting operations that the FBI and other law enforcement agencies engage in to counter this threat have yielded enough information about the inner workings of these crime organizations to make possible the development of charts that illustrate the various roles that people in the organization assume: the coder, the "techie" (that keep the servers and ISPs online), the hacker (actively searches for vulnerabilities to exploit), the money mule, the fraudster (creates social engineering schemes), and others.  From eSecurity Planet:






FBI Underboss Says Cyber Criminals the New Mafia
WASHINGTON -- As cyber crime increasingly becomes the vocation of highly organized criminal syndicates, law enforcement authorities have been revamping their approach to address the growing sophistication of the threat.  Speaking here at the FOSE government IT show, Deputy Assistant FBI Director Steven Chabinsky said that high-tech crimes have become the bureau's top law-enforcement priority, reflecting the heightened concerns about cybersecurity across the senior ranks of the federal government.  "If we fail to act, the cyber threat can be an existential threat, meaning it can challenge our country's very existence, or significantly alter our nation's potential," Chabinsky said. "I am convinced that given enough time, motivation and funding, a determined adversary will always -- always -- be able to penetrate a targeted system."  Through a series of sting operations, the FBI has been probing the anatomy of cyber crime gangs, which Chabinsky said have taken on a Mafia-like structure that is a far cry from the early days of the lone-wolf hacker setting out to make a name for himself.


Help Net Security continues with their story:



"Professional" money mules are a rather new addition to the criminal enterprise. It used to be that the great majority of them were unsuspecting accomplices that got tricked into executing transfers under the impression they were doing a completely legal thing.



According to the FBI, alongside the "career" money mules, there are also "premier" mules, who usually come to the US on student or work visas and execute the instructions given to them by the gang and recruit other mules to do the same.







Continue Reading at Help Net Security



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Posted by John B. Frank Thursday, March 25, 2010 0 comments



From: Help Net Security



So says Deputy Assistant FBI Director Steven Chabinsky, who assures us that law enforcement is taking the cyber threat very seriously. "The cyber threat can be an existential threat, meaning it can challenge our country's very existence, or significantly alter our nation's potential," Chabinsky said at the FOSE government IT show.



According to him, cyber crime actually pays so much that people that may have initially dabbed in it, are now quitting their day jobs and becoming "career criminals". This fact makes it possible for them to specialize in what they do best, and it is exactly that which makes them extremely efficient.



eSecurity Planet reports that the various sting operations that the FBI and other law enforcement agencies engage in to counter this threat have yielded enough information about the inner workings of these crime organizations to make possible the development of charts that illustrate the various roles that people in the organization assume: the coder, the "techie" (that keep the servers and ISPs online), the hacker (actively searches for vulnerabilities to exploit), the money mule, the fraudster (creates social engineering schemes), and others.  From eSecurity Planet:






FBI Underboss Says Cyber Criminals the New Mafia
WASHINGTON -- As cyber crime increasingly becomes the vocation of highly organized criminal syndicates, law enforcement authorities have been revamping their approach to address the growing sophistication of the threat.  Speaking here at the FOSE government IT show, Deputy Assistant FBI Director Steven Chabinsky said that high-tech crimes have become the bureau's top law-enforcement priority, reflecting the heightened concerns about cybersecurity across the senior ranks of the federal government.  "If we fail to act, the cyber threat can be an existential threat, meaning it can challenge our country's very existence, or significantly alter our nation's potential," Chabinsky said. "I am convinced that given enough time, motivation and funding, a determined adversary will always -- always -- be able to penetrate a targeted system."  Through a series of sting operations, the FBI has been probing the anatomy of cyber crime gangs, which Chabinsky said have taken on a Mafia-like structure that is a far cry from the early days of the lone-wolf hacker setting out to make a name for himself.


Help Net Security continues with their story:



"Professional" money mules are a rather new addition to the criminal enterprise. It used to be that the great majority of them were unsuspecting accomplices that got tricked into executing transfers under the impression they were doing a completely legal thing.



According to the FBI, alongside the "career" money mules, there are also "premier" mules, who usually come to the US on student or work visas and execute the instructions given to them by the gang and recruit other mules to do the same.







Continue Reading at Help Net Security



Reblog this post [with Zemanta]

Posted by John B. Frank 0 comments



This Free IT-Security news feed was compiled and is provided by E-Secure-IT; the most comprehensive and complete Business Risk Management Intelligence Service and IT-Security Risk and Threat Early Warning Service available in the market today.  They offer a 30 day complimentary subscription. 


Visit them at www.e-secure-it.com or email more-info@e-secure-it.com for more information on their available services.

Posted by John B. Frank Saturday, March 13, 2010 0 comments

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