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North Korean IT workers infiltrated Fortune 500 companies in massive fraud scheme
Fox News ^ | 6/30/25 | Greg Wehner

Posted on 07/01/2025 12:53:03 AM PDT by Libloather

Federal authorities have unraveled several schemes by the Democratic People’s Republic of North Korea (DPRK) that were used to fund its regime through remote information technology (IT) work for U.S. companies, resulting in two indictments, tech and financial seizures and an arrest.

The Department of Justice (DOJ) said Monday that North Korean actors were helped by individuals in the U.S., China, the United Arab Emirates and Taiwan to obtain employment with over 100 U.S. companies, including Fortune 500 companies.

In one scheme, U.S.-based individuals created front companies and fraudulent websites to promote the legitimacy of remote workers, while hosting laptop farms where remote North Korean IT workers could remotely access company-provided laptop computers.

In another scheme, IT workers in North Korea used false identities to gain employment with a blockchain research and development company in Atlanta, Georgia, and steal virtual currency worth over $900,000.

Assistant Attorney General John A. Eisenberg of the DOJ’s National Security Division said the schemes target and steal from U.S. companies and are designed to evade sanctions while funding illicit programs, including weapons programs, in North Korea.

"North Korea remains intent on funding its weapons programs by defrauding U.S. companies and exploiting American victims of identity theft, but the FBI is equally intent on disrupting this massive campaign and bringing its perpetrators to justice," Assistant Director Roman Rozhavsky of the FBI Counterintelligence Division said. "North Korean IT workers posing as U.S. citizens fraudulently obtained employment with American businesses so they could funnel hundreds of millions of dollars to North Korea’s authoritarian regime."

(Excerpt) Read more at foxnews.com ...


TOPICS: Business/Economy; Computers/Internet; Conspiracy; History
KEYWORDS: fraud; it; korea; scheme
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To: Libloather
They say that the Norks make near perfect $100 bills and distribute them worldwide using diplomats.
21 posted on 07/01/2025 8:22:17 AM PDT by Gay State Conservative (Import The Third World,Become The Third World)
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To: All
North Korea funds its weapons programs by defrauding US companies and exploiting American victims of identity theft (Asst Dir Roman Rozhavsky of the FBI Counterintelligence Division).

"North Korean IT workers posed as US citizens, fraudulently obtained jobs with American businesses
<><>they funneled hundreds of millions of US dollars to North Korea’s authoritarian regime."

22 posted on 07/01/2025 11:10:36 AM PDT by Liz (This then is how we should pray...."Our Father, who art in heaven......" )
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