Latest cybersecurity reporting from selected sources.

Also: Cartier Heir Imprisoned, Believe Founder Benjamin Pasternak ArrestedThis week, North Korea hacks, Cartier heir jailed, Believe founder arrested, Cambodia scam network sanctioned. A U.S. Army soldier's insider bet, Litecoin, sentences in laundering and romance fraud cases, France probed crypto kidnapping. Tennessee banned crypto ATMs, Kelp DAO and Alex Mashinsky.

Fortune 500 companies and one US defense contractor got taken for $5m in four-year scam Two Americans have been jailed for a combined 200 months for helping North Korea generate $5 million through fraudulent IT worker schemes.…

Judge said his fraud was on 'epic, generational scale' Terraform Labs founder Do Kwon will spend 15 years in jail after pleading guilty to committing fraud.…

Tells court 'What I did was wrong and I want to apologize for my conduct' Terraform Labs founder Do Kwon has pled guilty to committing fraud when promoting the so-called "stablecoin" Terra USD and now faces time in jail.…

Callous fraudster tricked elderly gents into smuggling meth hidden in chocolate truffles A ruthless cyber conman who duped elderly pensioners – including an 80-year-old man – into smuggling deadly class A drugs was this week locked up.…

Made up revenue and pretended to use non-existent data The former CEO of Kubient, an advertising tech company that developed a cloudy product capable of detecting fraudulent ads, has been jailed for fraud.…

A 27-year-old Russian national has been sentenced to over three years in prison for peddling financial information, login credentials, and other personally identifying information (PII) on a now-defunct dark web marketplace called Slilpp

The former CEO and COO of a health startup will spend years in jail after conducting a large-scale fraud scheme

Charges against the ransomware gang member included damage to computers, conspiracy to commit fraud, and conspiracy to commit money laundering.

A former security engineer has been sentenced to three years in prison in the U.S. for charges relating to hacking two decentralized cryptocurrency exchanges in July 2022 and stealing over $12.3 million

More than 5,000 victims claimed over a 3-year period but filing reckons accused didn't even use a VPN A Baltimore man faces a potential maximum 20-year prison sentence after being charged for his alleged role in running an online service that sold personal data which was later used for financial fraud.…

Conor Brian Fitzpatrick has been sentenced to time served and 20 years of supervised release for his role as the creator and administrator of BreachForums

Crook did everything from SIM swaps to fake verified badge scams A Los Angeles man has been jailed after pulling off SIM-swap attacks on victims, hijacking social media accounts, committing fraud with Zelle payments, and impersonating Apple support.…

John Clifton Davies, a convicted fraudster estimated to have bilked dozens of technology startups out of more than $30 million through phony investment schemes, has a brand new pair of scam companies that are busy dashing startup dreams: A fake investment firm called Equity-Invest[.]ch, and Diligere[.]co.uk, a scam due diligence company that Equity-Invest insists all investment partners use. A native of the United Kingdom, Mr. Davies absconded from justice before being convicted on multiple counts of fraud in 2015. Prior to his conviction, Davies served 16 months in jail before being cleared on suspicion of murdering his third wife on their honeymoon in India.

A U.K. national responsible for his role as the administrator of the now-defunct iSpoof online phone number spoofing service has been sentenced to 13 years and 4 months in prison

Trio get 12 years behind bars

A former Twitter employee who was found guilty of spying on behalf of Saudi Arabia by sharing data pertaining to specific individuals has been sentenced to three-and-a-half years in prison

A 46-year-old man in the U.S. has been sentenced to 25 years in prison after being found guilty of laundering over $9.5 million accrued by carrying out cyber-enabled financial fraud

Duo paid bribes and kickbacks to patient marketers

The owner of a fraudulent tax preparation business, Ariel Jimenez, was sentenced to 12 years in prison for selling the stolen identities of children on welfare and helping "customers" to falsely claim tax credits, causing tens of millions of dollars in tax loss. [...]