N Korea made millions from remote work scheme, US says
Published On Dec 13, 2024, 12:33 AM
A federal court in St. Louis has indicted 14 North Korean individuals accused of being involved in a conspiracy to defraud US companies through remote work schemes. This scheme involved using stolen identities to secure employment with US firms, generating about $88 million for North Korea over six years. The indicted parties were reportedly ordered to extract high salaries and collect funds for the North Korean regime while threatening employers with the theft of sensitive information. The suspects are believed to be in North Korea and unlikely to face justice in the US.
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The indictment could lead to increased scrutiny of North Korean activities and potential targeted sanctions against linked companies or sectors. This may influence investor sentiment regarding tech firms that could be found to have connections to North Korean operations.
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