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Exclusive: In Ecuador Cyber Heist, Thieves Moved $9 Million To 23 Hong Kong Firms

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A branch of the Banco del Austro is seen in QuitoBy Clare Baldwin and Nathan Layne HONG KONG/CHICAGO (Reuters) - Cyber thieves who stole $12 million from an Ecuadorian bank in 2015 routed the funds through 23 companies registered in Hong Kong, some of them with no clear business activity, according to previously unreported court filings and judicial rulings. The court papers offer a first glimpse into where some of the money was moved after it reached accounts in Hong Kong. The filings stem from a lawsuit filed in early 2015 by Ecuador's Banco del Austro (BDA) in Hong Kong against the web of companies that received or handled more than $9 million in stolen funds, bank records submitted to the territory's Court of First Instance show.




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