Thai police arrested Russian Sergei Medvedev, who is considered one of the creators of the international Internet platform Infraud. The Infraud website under the motto “In Fraud We Trust” was created in 2010 in Ukraine by Svyatoslav Bondarenko.
Medvedev, who fled to Thailand six years ago, was arrested last Friday. The task force detained Medvedev in his apartment in Bangkok, where he lived with his Thai wife. The apartment was searched and a laptop and some documents were seized. According to the discovered evidence, Medvedev was found in possession of bitcoins in the equivalent of more than 800 million US dollars.
At the request of the US Federal Bureau of Investigation, the Thai Crime Division conducted an investigation and confirmed that 31-year-old Russian citizen Sergei Medvedev was selling goods obtained illegally through the Internet platform Infraud. Among other things, the range of such goods included stolen credit cards and personal data of the owners. According to unconfirmed reports, Medvedev also sold drugs, illegally obtained weapons, stolen credit card PINs, rare protected animals and illegally obtained government documents.
Visitors to the site could buy and sell bank credit card data and personal information of their owners to make purchases of various goods on the Internet, deceiving cardholders, bank card issuers and goods suppliers. The Infraud website operated automated trading platforms to facilitate the process of buying and selling bank card data and cardholder identification data. The FBI is going to investigate this case in several more countries.
On Wednesday, the US Department of Justice announced indictments against 36 people, not including Sergei Medvedev, accused of carrying out a criminal enterprise selling stolen credit cards and personal information, which caused losses of $530 million.
It is also reported that the FBI and Italian police on Tuesday seized computer servers in Italy belonging to the international criminal group Infraud.
Subscribe to our news in Telegram
You May Also Like
Bill Clinton will speak at the Ripple conference
Former US President Bill Clinton will speak at Ripple's Swell conference later this year, which will cover the use of blockchain in financial services, new market opportunities in remittances and digital asset regulation in Europe, Asia and the Middle East.
Main speaker of Swell by Ripple 2018 - Bill Clinton
The Swell by Ripple event, taking place in San Francisco, will continue today, October 2nd, and will begin at 7 am (UTC). President Bill Clinton is the keynote speaker for the event, scheduled to begin at 11 a.m., immediately following an opening speech from Ripple CEO Brad Garlinghouse.
