Thursday, December 2, 2021

Russian “King of Fraud” sentenced to 10 years in prison for Methbot digital ad scheme

- Advertisement -
- Advertisement -
- Advertisement -


A Russian man convicted on wire fraud and money laundering charges for his role in the Methbot digital advertising scheme was sentenced to 10 years in prison on Wednesday.

The Department of Justice said between September 2014 and December 2016, Aleksandr Zhukov, 41, and several co-conspirators made deals with ad networks to place online ads but used a bot farm and rented servers to simulate users visiting spoofed versions of websites like the New York Times and the New York Daily News. The ads were never shown to human users, but Zhukov raked in $7 million running the fake traffic scam (which became known as “Methbot,” after the name of his phony ad network Media Methane), according to the DOJ.

“Sitting at his computer keyboard in Bulgaria and Russia, Zhukov boldly devised and carried out an elaborate multi-million-dollar fraud against the digital advertising industry, and victimized thousands of companies across the United States,” US Attorney Breon Peace said in a statement.

As part of the elaborate plan, Zhukov recruited programmers and others to help build the infrastructure that made the scheme possible. Authorities said he referred to the recruits as his developers and to himself as “the king of fraud.”

In May, a jury convicted Zhukov of wire fraud conspiracy, wire fraud, money laundering conspiracy, and money laundering. In addition to the 10-year prison term, Zhukov was ordered to pay $3.8 million in forfeiture.



Source link

- Advertisement -

More from the blog

Apple’s ‘notebook upgrade program’ could get businesses new M1 Macs for $30 per month

Apple has apparently launched a business-only program that allows members to acquire and ultimately upgrade computer systems for a comparatively low...

Ubiquiti hack may have been an inside job, federal charges suggest

An indictment from the Department of Justice means that the Ubiquiti hack reported in January, and subsequent whistleblower claims of a...

Qualcomm’s new G3x platform could usher in a new wave of Nintendo Switch-alikes

Qualcomm is upping its funding in gaming with a new Snapdragon G3x Gen 1 Gaming Platform, which producers can use to...

Amazon Alexa can now respond to running water and bleeping appliances

Amazon has expanded sound detection for routines, in addition to made Alexa’s prescription refill talent accessible to Amazon Pharmacy clients. The...