The Department of Justice (DOJ) charged two Russian nationals affiliated with a billion-dollar money laundering operation on Thursday.
Sergey Ivanov was charged with one count of conspiracy to commit bank fraud to support a website where stolen credit card information is trafficked.
He’s also charged with one count of money laundering for another website that deals in carding.
The DOJ defines carding as the unlawful acquisition of credit card details for fraudulent purposes.
Ivanov allegedly operated as a cyber-money launderer catering to hackers, ransomware groups, and the cybercrime marketplace for two decades.
He’s accused of working with hackers who are responsible for data breaches in multiple U.S. companies….