US and allies arrest alleged cybercrime ringleader, seize millions in sports cars in major COVID-19 fraud bust

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Covid-19,Fraud,Bust

Millions of dollars in cars, watches and real estate have been seized as part of a blockbuster raid on a global cybercriminal network that defrauded the U.S. government of billions of dollars

A 35-year-old Chinese man has been arrested in Singapore, and millions of dollars in cars, watches and real estate have been seized as part of a blockbuster raid on a global cybercriminal network that defrauded the U.S. government of billions of dollars, the Justice Department said Wednesday.

Wang used money he earned from renting the botnet to buy property in those locations, according to an indictment unsealed in the U.S. District Court for the Eastern District of Texas.Authorities in Singapore and Thailand worked with the FBI on the bust, the Justice Department said.Court records did not list an attorney for Wang. Leatherman said the U.S. government was pursuing his extradition to the U.S. and that an investigation into other potential suspects was ongoing.

 

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