CyberSecurity News
Leader of vast money mule operation that laundered cybercriminal proceeds pleads guilty
The Record
· October 9, 2026AI summary
A 42-year-old dual citizen of Ukraine and Russia has pleaded guilty to leading a large money laundering operation. The individual, Oleg Korniev, was a principal of a group known as Your Mule Cashout, or YMCO. YMCO operated a network of mules in the US and Europe from 2007 to 2014. This network was used to launder proceeds from cybercrime. Korniev's guilty plea is related to his role in this operation.
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