Security News > 2020 > November > Scammer sentenced for stealing $9M from adoption, automotive firms
A Florida man was sentenced to 37 months in prison earlier this week for his involvement in a business account takeover scheme that resulted in more than $9 million in total financial losses.
A bank account controlled by Buzyukov was used to transfer funds from the accounts of the victim companies, after being added by an account manager to their records at the financial tech company following a bank account change request in a fraudulent phone call made by an unknown individual.
"The unauthorized bank accounts added to the victims' Company-1 accounts were each controlled by Buzyukov under the name of a corporation registered to him in the State of Florida," a Department of Justice press release explains.
A joint Secret Service investigation led to a Florida man being sentenced to prison for his role in a $9 million business account takeover scheme with ties to Eastern Europe.
"After monies were deposited to the unauthorized accounts, Buzyukov would transfer the funds to other accounts controlled by him," the DoJ presser adds.