Cybercrime Money Launderer Handed 11-Year Sentence

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September 9, 2021
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Bank Info Security

A dual U.S.-Canadian national has been sentenced to more than 11 years in federal prison for conspiring to launder tens of millions of dollars in wire and bank fraud schemes, according to the U.S. Department of Justice. Officials say the activity included cash-out scams for North Korean hackers, including the criminal gang Lazarus Group, which has been associated with a military unit for the authoritarian regime.

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