MonsterCloud CEO Zohar Pinhasi Indicted on Alleged Ransomware Recovery Fraud
What happened
A federal grand jury has indicted MonsterCloud CEO Zohar Pinhasi on allegations that he defrauded clients of his ransomware data recovery business, according to ProPublica. He has not been found guilty, and the charges are allegations.
When it started
ProPublica's report is the cited source, and a related search describes the indictment as having happened last month. The exact indictment date is not given in the available material.
How it spread
According to the ProPublica article, prosecutors allege that the company's customers, who were victims of ransomware attacks, were scammed out of money. The specific amounts, charges and how the scheme allegedly worked are not detailed in the material provided.
Why it matters
The company was the subject of a 2019 ProPublica investigation, which adds context to the new allegations. The story has drawn attention on social media, with one related post noted as shared 95 times on Mastodon.