Two twenty-something suspects, Moldavian brothers Adrian and Gheorghe Baltaga, were charged with masterminding a large-scale cyber heist of Fidelity customers, reports InfoSecurity.

The Baltaga brothers were charged with wire fraud, conspiracy to commit bank fraud and wire fraud, aggravated identity theft, and aiding and abetting, according to the trade publication.

The magazine reports that Federal authorities allege that the brothers "conspired to steal login credentials for brokerage accounts, using them to set up fraudulent automated clearing house (ACH) links to prepaid debit card accounts. That way, they could extract the money and easily launder it as cash by purchasing money orders from MoneyGram and the U.S. Postal Service, which were then, as clean money, deposited into yet other debit accounts."  

Edited by: Tommy Fernandez


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