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Western Union

2 GoKawiil briefs on this topic

Oleg 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.

Elisha Gray, Bell's telephone rival, co-founded what became Western Electric

The piece traces how Western Electric, the manufacturing backbone that later became central to AT&T's Bell System, was founded in 1872 by Enos Barton and Elisha Gray—the same Gray who disputed Alexander Graham Bell's claim to inventing the telephone. Gray bought out co-founder George Shawk and became half-owner of the firm, partly intending to manufacture his own competing telephone design.