Oleg Korniev, a 42-year-old dual Ukrainian-Russian citizen, pleaded guilty in a US court for leading Your Mule Cashout (YMCO), an international money laundering network that recruited over 15,000 unwitting US residents as money mules. The organisation laundered at least $10 million stolen from more than 750 US bank accounts, transferring funds primarily to Eastern European countries on behalf of cybercriminals in exchange for a cut of the proceeds. Korniev admitted to causing over $14.7 million in losses and faces between 2 and 50 years in prison, with four other YMCO members having already been sentenced to between 37 and 63 months.
