Salem man pleads guilty in Ukraine-based identity theft and fraud case










Matthew L. Brown
Reporter- Boston Business Journal

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A Salem man prosecutors say was involved in a Ukraine-based crime ring that tried to steal $15 million from several large financial companies and their customers has pleaded guilty in federal court in New Jersey.

Lamar Taylor, 38, of Salem pleaded guilty Tuesday along with Richard Gundersen of New York. The two men were accused of being “cashers” in an elaborate international cybercrime operation that hacked into accounts at several large firms, including Automatic Data Processing, Citibank, TD Ameritrade, JPMorgan Chase and others.

Once they gained access to those accounts, the operations’ masterminds in Ukraine diverted money into accounts and pre-paid cards they controlled. Cashers like Taylor and Gundersen then withdrew the stolen funds at ATMs or by making purchases.

Prosecutors said “crews” of cashers were used, each taking a cut as he or she sent the ill-gotten gains up the crime ring’s chain of command and into Kiev.

Taylor pleaded guilty on information to conspiracy to commit wire fraud, access device fraud and identity theft. He’ll be sentenced in September and faces a maximum sentence of five years in prison and fines of up to $250,000.

The investigation includes the U.S. Secret Service, the IRS, Immigration and Customs Enforcement, Homeland Security and the U.S. Department of Defense.



Article source: http://www.bizjournals.com/boston/news/2014/05/23/salem-man-pleads-guilty-in-ukraine-based-identity.html

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