Authorities said those who actually set up the bank accounts would keep up to ten per cent for themselves, sending the rest to those higher up in the scheme.
Mr Vance said: 'This advanced cyber crime ring is a disturbing example of organised crime in the 21st century - high-tech and widespread.'
Gregory Antenson, commanding officer of the city police department's Financial Crimes Task Force, said the police had shown up at a bank in the Bronx in February to investigate a suspicious $44,000 withdrawal.
This investigation then led them into the international probe that was already under way.
Janice K. Fedarcyk, assistant director in charge of the FBI's New York office, said: 'The Zeus Trojan allegedly allowed the hackers, from thousands of miles away, to get their hands on other people's money - with far less exertion than a safe cracker or bank robber'.