GoKawiilOleg Korniev pleads guilty to leading 15,000-strong money mule network YMCO
Oleg Korniev, a 42-year-old Ukrainian-Russian dual citizen, pleaded guilty to running Your Mule Cashout (YMCO), a money laundering operation active since 2007 that recruited over 15,000 U.S. money mules. He admitted to money laundering, aggravated identity theft, and multiple conspiracy charges tied to processing more than $10 million stolen from over 750 U.S. bank accounts across 35 banks. Four other YMCO members were previously extradited and sentenced to 37-63 months in prison, each ordered to pay over $9.1 million in restitution.
GoKawiil's interpretation of the reporting above, not reported fact.
The case illustrates how cybercrime proceeds are laundered through everyday people recruited via fake job offers, turning unwitting or complicit individuals into critical links between hackers and their profits. Prosecutors' emphasis on pursuing mule recruiters internationally suggests a continued law enforcement focus on dismantling the financial infrastructure that enables global cybercrime rather than just the hackers themselves.
- Korniev led YMCO, a laundering network using over 15,000 U.S. money mules since 2007
- The scheme moved more than $10 million stolen from 750+ bank accounts across 35 banks
- He pleaded guilty to money laundering, identity theft, and multiple conspiracy charges
Source: bleepingcomputer.com, 2026-10-09
Published there as: “Man admits to running network of 15,000 money mules for cybercriminals”
Read the original report → The summary and analysis above are GoKawiil's own, written from reporting by the source above. Facts and quotes belong to the original publisher.