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US Federal prosecutors officially charge Hushpuppi for fraud. Faces 20 years in US prison


Ramon Olorunwa Abbas a.k.a. “Ray Hushpuppi” now faces a statutory maximum sentence of 20 years in a US federal prison after being extradited from Dubai to the US.


In a statement released by the US Department of Justice, the suspected Nigerian fraudster was accused of conspiring to launder many many dollars from business email compromise (BEC) frauds and other scams, including schemes targeting a U.S. law firm, an overseas bank and an English Premier League soccer club.

Hushpuppi made his initial U.S. court appearance this morning in Chicago, and he's expected to be transferred to L.A in coming weeks.

Federal prosecutors who filed a criminal complaint filed on June 25, alleged that the suspected Nigerian fraudster is "one of the leaders of a transnational network that facilitates computer intrusions, fraudulent schemes (including BEC schemes), and concealment , targeting victims round the world in schemes designed to steal hundreds of many dollars".

It was also alleged that Hushpuppi finances his opulent lifestyle of designer clothes, wearing expensive watches, posing in or with luxury cars and charter jets through crime.

"BEC schemes as often involving a computer hacker gaining unauthorized access to a business’ email account, blocking or redirecting communications to and/or from that email account, and then using the compromised email account or a separate fraudulent email account to communicate with personnel from a victim company and to attempt to trick them into making an unauthorized wire transfer.
“BEC schemes are one of the most difficult cybercrimes we encounter as they typically involve a coordinated group of con artists scattered around the world who have experience with computer hacking and exploiting the international financial system,” said United States Attorney Nick Hanna. “This case targets a key player in a large, transnational conspiracy who was living an opulent lifestyle in another country while allegedly providing safe havens for stolen money around the world. As this case demonstrates, my office will continue to hold such criminals accountable, no matter where they live.
“In 2019 alone, the FBI recorded $1.7 billion in losses by companies and individuals victimized through business email compromise scams, the type of scheme Mr. Abbas is charged with conducting from abroad.
"Technology has essentially erased geographic boundaries leaving trans-national criminal syndicates to believe that they are beyond the reach of law enforcement. The success in this case was the direct result of our trusted partnerships between the Department of Justice and our federal law enforcement colleagues. These partnerships helped dismantle a sophisticated organized crime group who preyed upon unsuspecting businesses. It is thanks to these partnerships that the American people can feel a bit more secure today.”

Hushpuppi and his suspected co-conspirators were accused of spearheading a BEC scheme that defrauded a client of a brand new York-based firm out of roughly $922,857 in October 2019. Abbas and co-conspirators allegedly tricked one of the law firm’s paralegals into wiring money intended for the client’s real estate refinancing to a checking account that was controlled by them.

He was also accused of conspiring to launder funds stolen during a $14.7 million cyber-heist from an overseas financial organization in February 2019, during which the stolen money was sent to bank accounts around the world. Abbas allegedly provided a co-conspirator with two bank accounts in Europe which he expected to receive €5 million (about $5.6 million) in each.

The suspected Nigerian fraudster also allegedly conspired to launder many many dollars from other fraudulent schemes and computer intrusions, including one scheme to steal £100 million (approximately $124 million) from an English Premier League soccer club, the complaint alleges.

This case is being prosecuted by Assistant U.S Attorneys Anil J. Antony and Joseph B. Woodring of the Cyber and intellectual property Crimes Section.

If convicted of conspiracy to interact in concealment , Abbas would face a statutory maximum sentence of 20 years in federal prison.

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