Two years in jail for list-luck man selling ransomware online

What should you do if you are unfortunate?
Maybe you struggled in school without your own fault. Maybe you haven’t managed to get any formal qualifications, which will help you in the career you are interested in pursuing. Maybe your relationship with your partner – having three children with your partner – is irrevocably broken down.
You have tried to build your own business design website, but this doesn’t give you the life you want.
What’s your job?
Well, I really hope you don’t follow in the footsteps of Suleman Mazhar, 43, who was sentenced by an Irish court last weekend after a joint investigation by the Garda National Cyber Crime Agency and the FBI in Ireland.
Mazhar of Cork Douglas pleaded guilty to crimes related to his illegal online business, the company sold ransomware and other malware, as well as stolen credit card details and fake bank accounts, has been sentenced to two years in jail.
It is reported that Magyar makes money by promoting his services through the Cashoutempire website.
Unfortunately for Magyar, his activities caught the attention of Irish cybercrime police, who arrested him in May 2022 at an apartment in Marbarn, County Cork. FBI officials also attended Magyar’s arrest because his criminal activities continued to the United States.
When the police interrogated, Magyar answered “no comments” for every question he asked. But he was found to have materials designed to create fake payment cards, as well as a large number of Bitcoin, Ethereum, Litecoin, Dog, Monero, XLM, dash and cardano cryptocurrencies.
Mazhar’s unemployed and job seeker allowance, in which job seekers’ allowance, told the court that he could not be released on bail and spent months awaiting trial in detention.
Perhaps realizing that things didn’t look bright, Massahar pleaded guilty earlier this month to cryptocurrency and crimes related to the sale of malware and other services.
Magyar’s defense attorney Jane Hyland argued that her client should be lenient because his guilty plea prevented a long and complicated trial. She also asserted that Magyar was run alone, not being part of the gang.
As Ireland period Magyar’s defense team also claimed that Magyar took full responsibility for what he did and expressed “deep regret”.
Mazhar is said to have cleaned about 80,000 euros of cryptocurrency (currently worth 200,000 euros or over $220,000) through a Coinbase account because it knows that this is the benefit of the crime.
Before the judge’s judgment was announced, the court considered letters from Mazhar and his former partner.
Judge Helen Boyle acknowledged Mazhar’s early confession and the complexity of the case, but emphasized the intentional nature of his criminal enterprise. Magyar was sentenced to two years in prison, which was to resolve the time he had been detained.
“When assessing the seriousness of the crime, you established and controlled a website that sold fake credit cards and malware, and you conducted 80,000 euros in cryptocurrency. It is now worth 200,000 euros. This is a intentional crime business that you established and operated. You controlled and interacted with the website on the website. There is no evidence to assist the criminal organization.
One can only hope that others considering cybercrime will recognize the potential consequences of their illegal online activities, as well as the commitment of law enforcement agencies to pursue those in charge.