A cybercrime money laundering boss pleaded guilty after an operation recruited more than 15,000 Americans to help move stolen money overseas. Oleg Korniev, 42, admitted running an international money laundering network known as Your Mule Cashout, YMCO, which laundered at least $10 million stolen by hackers from more than 750 US bank accounts. The scheme gave cybercriminals a way to turn money taken from American businesses into funds that could be transferred abroad while obscuring its criminal origins. YMCO used money mules and online infrastructure to help hackers send stolen funds, primarily to Eastern European countries. Money mules received payments into their personal bank accounts, then withdrew the money and wired it to business partners overseas. The recruits were deceived with fake job offers and instructions to process payments as if they were working for legitimate companies. In return, YMCO took a percentage, and the people recruited were never paid what they were promised. Korniev pleaded guilty on Oct. 8 to five offences, including conspiracy to commit money laundering, money laundering, conspiracy to commit computer fraud, conspiracy to commit access device theft, and aggravated identity theft. He admitted YMCO was responsible for more than $14.7 million in actual and intended losses involving confirmed victims, and that he personally laundered at least $7 million, intending to launder more than $9.7 million. Four other people connected to YMCO were arrested overseas earlier, extradited to the United States, and convicted of conspiracy to commit money laundering. Their prison terms ranged from 37 to 63 months, and each was ordered to pay more than $9.1 million in restitution. Korniev faces a minimum prison sentence of two years and a maximum of 50 years. A sentencing date has not yet been announced, and he agreed to compensate known victims and forfeit cash seized when he was arrested in the Republic of Georgia.