Russian Medvedev pleaded guilty to cybercrime in a US court

The US Department of Justice considers Sergei Medvedev one of the founders of the transnational organization Infraud, which sold stolen personal, banking and financial data, as well as information from credit and debit cards

Russian Sergei Medvedev, accused in the United States of cybercrime and causing damage of $568 million, pleaded guilty, said the US Justice Department on June 26.

“Sergey Medvedev, also known as Stells, segmed, serjbear, aged 33, from the Russian Federation, pleaded guilty to US District Court judge James Mahan in Nevada,” said the Department in a statement.

According to the Ministry of Justice, Infraud engaged in large-scale acquisition, sale and distribution of stolen identification data, information from compromised debit and credit cards, personal information, banking and financial data, and malicious computer programs.

The prosecution believes that Infraud was created in October 2010 by a native of Ukraine Svyatoslav Bondarenko, also known as Obnon, Rector, Helkern. In the United States, Medvedev is also considered one of the creators of the platform. The organization’s slogan is “In Fraud We Trust”. By March 2017, the organization had almost 11,000 registered members (according to the US Department of Justice). The loss from Infraud’s operations amounted to more than $568 million.

Recall that on February 8, 2018, the Agency reported that 36 people were accused of involvement in the activities of Infraud. At the same time, the Ministry of Justice reported on the arrest of 13 people who were members of the organization. They were citizens of the United States, Australia, Britain, France, Italy, Kosovo and Serbia.

The next day, it became known about the detention of Sergei Medvedev in Thailand. The operation to detain the Russian was conducted by local police at the request of the FBI. The Bangkok Post then reported that Medvedev was engaged in illegal online trading for bitcoins. More than 100 thousand bitcoins were found on the Russian’s accounts.

Earlier on Friday, it was reported that a court in the United States found Russian Alexey Burkov guilty of cybercrime and sentenced him to nine years in prison.