Incident for Oleg Covelin 2009-10-09

First Name Oleg
Other Name
Last Name Covelin
DOB Unknown
Age 28
Gender male
Location MD
Information The RBS WorldPay hit is viewed by many as the most sophisticated and well organized cyberfraud operation ever conducted. In 2008 a group of hackers penetrated the network defenses of the US-based financial institution and artificially inflated the limits of 44 re-loadable payroll cards. Then during the course of only twelve hours cloned copies of the compromised cards were used to withdraw an estimated $9 million from more than 2,100 ATMs located in 280 different cities around the world. The fraudulent withdrawals were performed by money mules, who kept between 30 and 50 percent of the funds for themselves.
Pending Outcome Yes
Damages Costs Unknown
Date Of Crime Unknown
Occupation student
Crime(s) Hacking Cyber Fraud
Sector(s) Financial services
Authorities FBI Russian Police NHTCU Hong Kong Police
Authorities Statement view
Lawyers Charles P. McGinty
Prosecutors Paul Usher
Judges Mark L. Wolf