Legal Technology News

Nine Indicted for Cyber Fraud in Spain
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Nine Indicted for Cyber Fraud in Spain

Summary: A Spanish judge has indicted nine people for participating in the theft of $45 million in a hacking and cyber fraud scheme.

FindLaw.com reports that nine people have been indicted by a Spanish judge due to allegations that they were part of a $45 million theft after hacking a bank’s card payments system.

  
What
Where


On Sunday, Judge Eloy Velasco of Spain’s National Court indicted seven Romanians and two Spaniards. They were accused of fraudulently extracting money from ATMs in February 2013. Judge Velasco added that it appeared that the nine individuals charged may have been part of a larger international criminal organization that laundered money and participated in fraudulent credit card transactions.

The cash extractions from the ATMs occurred worldwide. Eight United States-based hackers are also linked to the transactions, due to their breaching a security system of a company that handled card payments of an Omani bank. The hackers distributed access code numbers to thieves across the globe. This led to the facilitation of over 34,000 cash transactions in 23 countries in a mere 13 hours.

United States authorities reported that $45 million had been stolen, which made the occurrence one of the largest cyber hackings in history.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




Those that were indicted in Madrid used the illegally obtained codes to remove $390,078 from ATMs on February 20, 2013. The group had also raided a cash dispenser in a similarly fraudulent manner the previous December.

The U.S. secret service worked with Spanish police to arrest the suspects in December. Seven of the hackers who stole the card codes were arrested in New York in May 2013. The supposed leader of that group was murdered in the Dominican Republic. The hackers were of Dominican ancestry, but were U.S. citizens.



Photo credit: deccanchronicle.com



 

RELEVANT JOBS

Litigation Attorney

USA-FL-Fort Lauderdale

Seeking a qualified Transactional Attorney with experience in litigation, covenant enforcement and c...

Apply now

Litigation & Coverage Attorney

USA-CA-West Covina

Growing insurance defense and coverage firm with an expanding client base seeks highly motivated att...

Apply now

Trust and Estate Planning Attorney | Lebanon, NH or Burlington, VT

USA-VT-Burlington

DRM is seeking an experienced estate planning attorney to join our busy Trusts and Estates Practice....

Apply now

Litigation Paralegal

USA-MN-Rochester

Sandberg Law Firm is seeking a litigation paralegal for a full-time position in Rochester, MN. This ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigation Associate Attorney

USA-PA-Pittsburgh

Pittsburgh office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 3+ year...

Apply Now

Junior Antitrust Associate Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks junior antitrust associat...

Apply Now

Civil Litigation (Insurance Defense) Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks civil litigation (insurance defense) associate attorney with ex...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top