Ad Network Head Cops To Role In $36M Online Fraud Scheme

By Stewart Bishop (September 24, 2019, 9:04 PM EDT) -- The owner of a purported ad network on Tuesday admitted to his role in two international cybercrime schemes that prosecutors say conned online advertisers out of more than $36 million.

During an afternoon plea hearing before U.S. Magistrate Judge Steven Gold in Brooklyn, Sergey Ovsyannikov, 30, pled guilty to two counts of wire fraud conspiracy and one count of aggravated identity theft.

Ovsyannikov, a Kazakhstan native, was one of eight men primarily from the Russian Federation accused last year of feigning to operate legitimate businesses delivering digital ads to human internet users, but actually faking both the human users and the...

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