Support The Moscow Times!

Russian Hacker Pleads Guilty of $1.6M Theft in U.S.

A Russian hacker has pled guilty in a U.S court to aiding in the theft of $1.6 million, international media reported Monday.

Vadim Polyakov, 32, was the leader of a $1.6-million international ticket-scamming ring. He hacked into more than 1,000 accounts on U.S. ticket sales website StubHub.

Using the credit card details attached to the accounts, he and his accomplices purchased over 3,500 tickets to music and sporting events, prosecutors said.

Tickets were sold at a profit, with the illicit proceeds directed into multiple bank accounts to be laundered, prosecutors said.

A further nine people from different countries have been implicated in the case, two of whom are still on the lam. Polyakov was also charged with money laundering and is the first defendant to plead guilty. Two more Russian citizens are yet to stand trial.

In July 2014, Polyakov was arrested while in holiday in Spain at the request of U.S. law enforcement officials. He was extradited to the United States in 2015, despite objections from the Russian government.

Polyakov is set to be sentenced on July 6, the New York Post reported Monday. He now faces up to 12 years in prison

Read more

Independent journalism isn’t dead. You can help keep it alive.

The Moscow Times’ team of journalists has been first with the big stories on the coronavirus crisis in Russia since day one. Our exclusives and on-the-ground reporting are being read and shared by many high-profile journalists.

We wouldn’t be able to produce this crucial journalism without the support of our loyal readers. Please consider making a donation to The Moscow Times to help us continue covering this historic time in the world’s largest country.