Alleged FIN7 scammer Denys Iarmak is set to plead guilty

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Nov 16, 2021 | CYBERSCOOP

An alleged member of the FIN7 hacking group is set to plead guilty, admitting to a role in a criminal organization that used front companies and array of fraud techniques to steal more than $1 billion from victims worldwide, CyberScoop has learned.

Attorneys for Denys Iarmak, a Ukrainian national, have notified a federal court in Washington state that Iarmak intends to change his plea after he declared himself not guilty at a May 2020 arraignment hearing. While one defense counselor said Iarmak could change his mind before his next hearing, scheduled for Nov. 22, attorneys have agreed in principle to a plea deal with the U.S. Department of Justice.

“That’s what’s most likely,” said defense attorney Michael Craig Nance, who is representing Iarmak in the Western District of Washington. “It’s not final until a person stands in court and says they’re guilty.”

Iarmk was initially charged with a range of criminal counts, including intentional damage to a protected computer, aggravated identity theft and wire fraud. To which charges he intends to plead guilty remains unclear.

FIN7 is a notorious hacking group best known for masquerading as a technology company in

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