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Illustrative: A broker works in a trading room of a Portuguese bank in Lisbon, Wednesday, July 3, 2013. (AP/Francisco Seco)
An Israeli man who founded a binary options trading platform has been named by Austrian authorities as one of the masterminds of a massive “pan-European” fraud scheme.
Austria’s Ministry of the Interior, which oversees police and public security, has cited Israeli citizen Ilan Tzorya, founder of the binary options platform Tradologic, as one of the masterminds of a fraud scheme that allegedly netted over 200 million euros.
The January/February 2021 issue of the ministry’s magazine “Öffentliche Sicherheit” (Public Safety), featured an article describing how federal police have, since 2017, investigated an Israeli-run multinational ring of allegedly fraudulent call centers running financial websites. The investigation has thus far led to 11 suspects being taken into custody as well as a conviction of Tzorya’s former business as
January 14, 2021
Andrei Tyurin targeted JPMorgan Chase Bank, E TRADE, Scottrade, and The Wall Street Journal.
A Russian hacker has been sentenced to 12 years in prison for computer intrusion, wire fraud, and bank fraud in connection with a massive computer hacking campaign that targeted JPMorgan Chase Bank, E TRADE, Scottrade,
The Wall Street Journal, and other American companies.
According to the allegations 37-year-old Andrei Tyurin pleaded guilty to, he engaged in an extensive computer hacking campaign from 2012 to mid-2015 against financial institutions, brokerage firms, and financial news publishers in the US. He was also responsible for the theft of personal information of more than 100 million customers of the victim companies.
Crimes netted him $19 million overall.
Russian national Andrei Tyurin will serve 12 years in prison for his role in a global hacking campaign that pilfered personal information from more than 80 million JP Morgan Chase customers in the largest-ever breach of a financial institution in the US.
Tyurin from 2012 to 2015 hacked multiple financial institutions, brokerages, and financial news publications, including JP Morgan, E Trade, Scottrade, and The Wall Street Journal, stealing personal data of more than 100 million customers of those organizations all from his home in Moscow. He worked with co-conspirators including Gery Shalon, who together also perpetrated securities fraud and other nefarious activity.
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A Russian national who pleaded guilty to hacking JPMorgan Chase and other financial institutions has been sentenced to 12 years in federal prison, the Justice Department announced Thursday.
Andrei Tyurin, 37, pleaded guilty in September 2019 to federal charges, including conspiracy to commit computer hacking, wire fraud, conspiracy to violate the Unlawful Internet Gambling Enforcement Act, conspiracy to commit wire fraud and bank fraud, conspiracy to commit wire fraud and conspiracy to commit computer hacking.
Federal prosecutors accused Tyurin of aiding a wide-ranging criminal enterprise run by Israeli businessman Gery Shalon that included securities market manipulation, payment processing fraud as well as running illegal cryptocurrency exchanges and illegal online gambling (see: