US charges eight with multimillion-dollar cybercrime

U.S. federal prosecutors charged eight people on Wednesday in connection with a multimillion-dollar fraud that siphoned money from hacked accounts at banks and financial institutions, laundered it and sent it overseas.

Four of the eight have been arrested by authorities, one as he arrived at New York’s John F. Kennedy Airport on Tuesday afternoon, while four remain at large. Prosecutors unsealed details of the case on Wednesday.