A dual US-Canadian national has been sentenced to 140 months in prison for laundering tens of millions of dollars, including funds stolen from a bank by a North Korean hacking group. Ghaleb Alaumary of Mississauga, Ont., Pleaded guilty to two counts of conspiracy to commit money laundering. According to the US Department of Justice, Alaumary used spoofed emails to deceive a university in Canada in the first case. The emails, which appeared to be from a construction company working on a major construction project for the university, requested payment in the amount of $ 9.4 million.
After the university wired the money into accounts controlled by Alaumary and his co-conspirators, he worked with various people in the United States and elsewhere to launder the funds through various financial institutions. He also had people posing as wealthy bankers to travel to Texas to obtain personally identifiable information from the victims, then use it to steal hundreds of thousands of dollars from their accounts.
The second case is broader in scope and involves receiving funds from cyber burglaries and fraudulent schemes. These funds include money from a cyber burglary by North Korea against a Maltese bank in 2019. It also received funds stolen from banks in India and Pakistan, companies in the United States and in the UK, individuals in the US and a professional football club. UK. Alaumary laundered the funds he received through cash withdrawals, wire transfers, and cryptocurrency purchases.
Acting U.S. Attorney David H. Estes for the Southern District of Georgia said in a statement:
“This defendant served as a full-fledged intermediary in a network of cybercriminals who siphoned tens of millions of dollars from various entities and institutions around the world. He laundered money for a rogue nation and some of the worst cybercriminals of the world, and he led a team of co-conspirators who helped line thieves’ pockets and digital wallets. “
In addition to being sentenced to more than 11 years in prison, Alaumary was also ordered to pay $ 30 million in restitution to the victims.