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Backpage co-founder sentenced to five years in prison
Michael Lacey, a founder of the defunct classified site Backpage.com, received a five-year prison sentence on Wednesday and was fined $3 million. Lacey was found guilty of money laundering last year in a sweeping case that alleged Backpage executives promoted and profited from prostitution. Lacey was convicted on a single count of international concealment money laundering in November 2023 but…
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Russian who sold 300,000 stolen credentials gets 40 months in prison
Georgy Kavzharadze, a 27-year-old Russian national, has been sentenced to 40 months in prison for selling login credentials for over 300,000 accounts on Slilpp, the largest online marketplace of stolen logins, until its seizure in June 2021. In a Wednesday press release, the U.S. Department of Justice said that Kavzharadze (also known as TeRorPP, Torqovec, and PlutuSS) sold vast amounts…
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