From Frat Brothers To FBI Suspects

When Anthony Murgio and Josh Aaron ran the place, the Phi Kappa Sigma house a block from Florida State University's Tallahassee campus was a hive of digital moneymaking. In indictments unsealed on July 21, Murgio is accused of running a Bitcoin exchange that laundered money for backers. Aaron i...

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Published in:Bloomberg businessweek (Online) 2015-08, p.35
Main Authors: Robertson, Jordan, Riley, Michael
Format: Magazinearticle
Language:English
Subjects:
Cybercrime
Digital currencies
Fraud
Hackers
Indictments
Money laundering
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description When Anthony Murgio and Josh Aaron ran the place, the Phi Kappa Sigma house a block from Florida State University's Tallahassee campus was a hive of digital moneymaking. In indictments unsealed on July 21, Murgio is accused of running a Bitcoin exchange that laundered money for backers. Aaron is accused of a pump-and-dump scam that used expertly crafted spam e-mails to lure investors into worthless penny stock purchases, generating $2.8 million in illicit profits. Although those indictments don't involve hacking, an FBI memo reviewed by Bloomberg also links the two men to last summer's cyber attack on JPMorgan Chase, one of the largest bank hacks in US history. Neither Murgio nor Aaron is accused of directly hacking JPMorgan. But the October FBI memo outlined some evidence linking them to the attack, including records of Aaron logging in to servers associated with the breach of the bank's main data center, where the hackers made off with personal data of 83 million customers over three months.
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subjects Cybercrime
Digital currencies
Fraud
Hackers
Indictments
Money laundering
title From Frat Brothers To FBI Suspects
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