Police have swooped on alleged StubHub crime ring

Data Jimmy Nicholls

09:25, July 24 2014


Flurry of arrests in wake of $1m fraud of ticket marketplace.

Six men have been charged in connection with a $1m (£590,000) fraud of the ticket marketplace StubHub that took place in March of last year.

Vadim Polyakov, 30, was arrested outside a hotel Barcelona, Spain on July 3, charged with stealing credit card information and StubHub account details used to buy more than 3,500 tickets that were later resold.

Manhattan district attorney Cyrus Vance said: "Today's arrests and indictment connect a global network of hackers, identity thieves, and money-launderers who victimised countless individuals in New York and elsewhere."

More than 1,600 accounts were accessed as part of the fraud, which included the resale of tickets from Justin Timberlake concerts, various American football games, and stage shows such as the Book of Mormon.

Prosecutors said they did not know how the hackers had gained access to the accounts, but StubHub believes keylogging malware or credentials taken from other websites may have been involved, according to Associated Press.

Nikolay Matveychuk, 21, was also charged with stealing information to buy tickets, while Daniel Petryszyn, 28, Laurence Brinkmeyer, 29, and Bryan Caputo, 29, were charged with reselling the stolen goods.

Proceeds from the crimes are alleged to have been laundered through the bank account of Sergei Kirin, 37, who was said to have advertised his criminal services online.

City of London Police arrested three other men in connection with money laundering, with police in Canada arresting another man for a similar offence.

Adrian Leppard, City of London Police commissioner, said: "This represents a milestone in the working relationship we have developed with the New York County District Attorney's Office to target what is truly international organized crime."

Source: Company Press Release

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