Bulgarian Hacker Arrested in the PhilippinesCrime | April 10, 2015, Friday // 15:03| views
A Bulgarian hacker has been arrested in the Philippines and has been accused of cyber crimes, including a million-dollar scheme for draining the bank account of Microsoft's founder Bill Gates.
The 32-year old Konstantin Simeonov Kavrakov has been arrested for a period of 21 hours on Thursday evening after he attempted to withdraw money from an ATM using falsified credit cards.
Several months ago the Philippine authorities released information on a massive scheme for credit card doubling operated by a Bulgarian criminal group, OFF News reported.
After he has been held in custody, investigators started examining all documents he had at the time of the arrest, including the mock credit cards, bank statements, a mobile phone and 76,000 Philippine pesos in cash ( USD 1,700).
According to preliminary information, police officers believe Kavrakov to be a member of a Bulgarian super-hacker group that had been operating criminal schemes in the Philippines, the US and Europe for a while now.
The same man had been arrested in Paraguay in 2011 on account of bank and document frauds, as well as cyber crime activities. Authorities then caught him with more that USD 90,000.
It needs to be further established how Kavrakov managed to escape the Paraguay prison and came to Asia.
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