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Two cybercriminals will spend the next 12 years in jail

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October 5, 2016

Two cybercriminals, Pavel Gincota age 32, and 35-year old Ion Turcan were both found guilty yesterday for laundering millions of British pounds stolen using a banking trojan. Both criminals have been sentenced to a combined total of 12 years in jail.

Gincota and Turcan are Moldovan nationals with Romanian citizenship. The pair made over £2.5 million in illegal profits using the Dridex banking trojan, the National Crime Agency and London's Metropolitan Police Service asserted.

The two criminals were both charged with conspiracy to possess false identification and conspiracy to launder money, while Gincota was additionally charged with a separate money laundering offence in relation to another cyber fraud in Germany four years ago, in which the victim lost €25,000.

Both Turcan and Gincota pleaded guilty to all of the charges against them, and were sentenced yesterday to five years and eight months and seven years respectively.

Over a two-year period the two funded a luxury lifestyle with their crimes garnered from over 220 bank accounts which they had accessed after infecting their victim's computers.

The investigation began in June 2015 after more than half a million pounds was stolen from a medical research company and laundered through a series of Barclays accounts, the British police said.

They were already under investigation by the National Crime Agency when they were arrested in February 2015 for being in possession of multiple false identity documents.

During a search of their home in Yiewsley, West Drayton, police seized further fraudulent documents and several electronic devices.

Forensic examination of these devices by the NCA's National Cyber Crime Unit confirmed that a laptop belonging to Gincota had been used to control the bank accounts through which the money was laundered.

Steve Brown, one of the senior investigating officer said-- “Pavel Gincota and Ion Turcan were serial money launderers who processed millions of pounds worth of stolen money through hundreds of bank accounts to fund their lavish lifestyles.

“Those involved in the most serious types of organized crime depend on the services provided by money launderers like Gincota and Turcan to hide their criminal profits,” Brown asserted.

He continued-- “The NCA will continue to work closely with our various partners to prevent organized criminals from accessing the proceeds of their crimes and to bring them to justice.”

Source: Britain's National Crime Agency.

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