Loretta Lynch
π€ SpeakerAppearances Over Time
Podcast Appearances
β All right, good morning, everyone.
Thank you all for being here today.
The 47-count indictment against these individuals includes charges of racketeering, wire fraud, and money laundering conspiracies spanning two decades.
In the New York crew during the second attack in February, those eight guys only had one account among them.
And that account limit had been raised to $40 million.
They look at prepaid debit cards because they're not tied to an individual, not tied to an individual's checking or savings account.
You would notice if your own personal debit card limit shot up to $40 million.
But the most sophisticated part of this attack is the hack itself.
It takes anywhere from two to 18 months to execute the kind of control needed to really get inside these credit card processors.
Well, they're not doing the high-tech stuff, but we wouldn't call them low-level because without them, you could not plunder the bank accounts the way in which they were plundered.
They're actually a vital part of the organization.
Everyone seems to have equal importance, just a very, very different role in this.
But these guys were the feet on the street, so to speak.
They were the ones who were commanded and directed to go to the ATMs to wait for that code to spring into action and cash out as much money as they could before the credit card processor or the bank or someone else discovered what they were doing.