- Authorities announced a new crackdown on a sprawling international fraud ring involving North Korean IT workers, naming more than a dozen defendants in two new indictments, including New Jersey man Zhenxing “Danny” Wang. The indictment claims the scheme allegedly generated more than $5 million in illicit earnings and hundreds of thousands in fees for the U.S. conspirators. In a second indictment, four North Korean nationals have been charged with executing a sophisticated operation that generated nearly $1 million in stolen crypto. All told, law enforcement searched 29 suspected laptop farms across 16 states and seized 29 financial accounts allegedly used to launder money and digital assets.
The Justice Department on Monday announced a significant crackdown on the North Korean IT workers fraud scheme, with two new indictments naming more than a dozen alleged conspirators accused of stealing millions from at least 100 companies in the past four years.
