International Money Laundering Scheme Revealed in Bulgaria

Crime | April 4, 2014, Friday // 16:07| Views: 2865 | Comments: 0
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Bulgaria: International Money Laundering Scheme Revealed in Bulgaria Personal data, including user names and passwords, was collected, allowing for participants to hack scores of bank accounts.

Bank fraud schemes worth over EUR 1 M were discovered by Bulgarian police.

Six people face charges over money laundering and draining bank assets.

Bulgarian Interior Ministry's Chief Secretary Svetlozar Lazarov, police head at Bulgaria's city of Ruse Georgi Velikov, and district prosecutor Ognyan Basarboliev announced that the operation against the scheme had been successfully carried out, as website Dariknews.bg reported.

The money-laundering scam, which has been active since 2011, used a "Trojan Horse" virus to infect Internet certificates of bank customers and thus obtained access to their user names and passwords.

Using the collected data, money transfers were made from the hacked accounts to private persons and companies, which later diverted funds (usually amounting between EUR 1000 and 250 000) to other people, usually with foreign citizenship.

Further investigations are under way in other countries where the scam was in place.

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Tags: Svetlozar Lazarov, scam, scheme, bank, money laundering
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