CEO Indicted for Allegedly Scamming Ransomware Victims

• Zohar Pinhasi, CEO of MonsterCloud, was indicted by a federal grand jury.
• Pinhasi is accused of defrauding clients of his ransomware data recovery firm.
• The indictment follows a 2019 investigation by ProPublica.
• The charges include allegations of scamming millions from ransomware victims.
• Pinhasi was the subject of a previous investigation in Florida.