Friday, October 25, 2019

Nigerian Man Jailed For 78 Months In US For Cyber, Marriage Frauds

A man identified as Olufolajimi Abegunde who is a Nigerian by nationality but resides in Atlanta, Georgia, has been sentenced to 78 months in prison for cyber fraud.

Abegunde, an MBA graduate from Texas A&M University in College Station, Texas, who also ordered to pay $57,911.62 in restitution to the victims of his offense, a statement by the United States Department of Justice and captured by TheGuardian

Abegunde, 32, and Javier Luis Ramos-Alonso, 29, were both charged in a criminal organisation in which members “spoofed” emails and created fake profiles on dating websites.

The court said Abegeunde played a key role, along with Ramos-Alonso, in laundering fraud funds from an October 3, 2016, business email compromise (BEC) of a land title company in Bellingham, Washington.

The proceeds of another BEC perpetrated in July 2016 upon a real estate company in Memphis, Tennessee, also moved through parts of the same criminal organisation.

Ramos-Alonso received a 31-month sentence for his role in the scheme.

According to the court, the criminal organisation have caused more than $10,000,000 in damage to U.S. citizens and businesses.

The evidence presented at trial showed that Abegunde engaged in black-market currency exchanges over the life of the conspiracy.

Abegunde claimed association with a business entity that was not yet operational in late 2017, so for his primary source of income he relied on his off-the-book currency exchanges.

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