MINNEAPOLIS, Minn. — A Michigan man has been sentenced to five years in prison followed by two years of supervised release for wire fraud and aggravated identity theft.
U.S. Attorney Daniel N. Rosen says Andrew Shenkosky, 30, was involved in purchasing nearly 2,500 stolen login credentials from a dark web marketplace and using them for fraudulent financial transactions.
Court documents revealed that between February and November 2020, Shenkosky devised a scheme to defraud while residing in Minnesota. He accessed stolen account information from Genesis Market, a dark web site offering login credentials from malware-infected computers worldwide. In April 2023, the FBI dismantled Genesis Market.
Federal prosecutors say Shenkosky used a fraudulently created Coinbase account to purchase stolen credentials, withdrawing funds from victims’ accounts and attempting further unauthorized transactions. He also tried selling stolen data on a now-defunct forum.
In imposing sentencne, Judge Joan N. Ericksen emphasized the broader impact of financial fraud, noting its effect on victims’ sense of security.
“Darknet marketplaces are a borderless powerhouse of criminal activity, allowing criminals like Shenkosky to steal money from unsuspecting victims and laundering the proceeds of their illegal activity,” said Chris Dotson, Special Agent in Charge of the FBI Minneapolis Field Office. “Make no mistake, this significant sentence reflects the commitment of the FBI and our law enforcement partners to dismantle networks operating with criminal intent, and sends a clear and unambiguous message that we will continue to evolve in the ways we ‘follow the money’ of illegal enterprise, employing all the tools and techniques at our disposal and drawing on our strong partnerships at home and around the globe.”
The FBI Cybercrime Unit, along with the Minneapolis and Detroit Field Offices, conducted the investigation. Assistant U.S. Attorney Benjamin Bejar prosecuted the case.
MINNEAPOLIS, Minn. — A Michigan man has been sentenced to five years in prison followed by two years of supervised release for wire fraud and aggravated identity theft.
U.S. Attorney Daniel N. Rosen says Andrew Shenkosky, 30, was involved in purchasing nearly 2,500 stolen login credentials from a dark web marketplace and using them for fraudulent financial transactions.
Court documents revealed that between February and November 2020, Shenkosky devised a scheme to defraud while residing in Minnesota. He accessed stolen account information from Genesis Market, a dark web site offering login credentials from malware-infected computers worldwide. In April 2023, the FBI dismantled Genesis Market.
Federal prosecutors say Shenkosky used a fraudulently created Coinbase account to purchase stolen credentials, withdrawing funds from victims’ accounts and attempting further unauthorized transactions. He also tried selling stolen data on a now-defunct forum.
In imposing sentencne, Judge Joan N. Ericksen emphasized the broader impact of financial fraud, noting its effect on victims’ sense of security.
“Darknet marketplaces are a borderless powerhouse of criminal activity, allowing criminals like Shenkosky to steal money from unsuspecting victims and laundering the proceeds of their illegal activity,” said Chris Dotson, Special Agent in Charge of the FBI Minneapolis Field Office. “Make no mistake, this significant sentence reflects the commitment of the FBI and our law enforcement partners to dismantle networks operating with criminal intent, and sends a clear and unambiguous message that we will continue to evolve in the ways we ‘follow the money’ of illegal enterprise, employing all the tools and techniques at our disposal and drawing on our strong partnerships at home and around the globe.”
The FBI Cybercrime Unit, along with the Minneapolis and Detroit Field Offices, conducted the investigation. Assistant U.S. Attorney Benjamin Bejar prosecuted the case.
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