Russian Duo Plead Not Guilty To Bank Cyber Scam Charges

By Alex Davis (April 12, 2017, 3:58 PM BST) -- Two Russian men, one of whom is a former Olympic wrestler, pled not guilty in a London criminal court on Wednesday to charges of fraud and money laundering related to an alleged clearing bank cyberattack scam.

Vugar Mollachiev and Abdurahman Bazaev, appearing at Southwark Crown Court, both denied one count of conspiracy to defraud U.K. clearing banks between January 2014 and November 2015 and one count of concealing, converting and transferring criminal property.

The two men are alleged to have stolen more than £2 million ($2.5 million) by hacking into company bank accounts over the course of 10 months up to...

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