Days after his case was extradited to the US, Ray Hushpuppi is set to be charged to 20yrs in Prison over Fraud.
According to reports, apart from the previous fraud carried out by the Instagram big boy and his team, Hushpupi was also set to
target a U.S. law firm, a foreign bank and an English Premier League soccer club.
Moreover Hushpuppi made his initial U.S. court appearance this morning in Chicago,
and he is to be transfer to Los Angeles in coming weeks.
Meanwhile 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 money laundering, targeting victims around the world in schemes
designed to steal hundreds of millions of dollars”.
It also alleges that Hushpuppi finances his opulent lifestyle of designer clothes,
wearing expensive watches, posing in or with luxury cars and charter jets through crime.
Hushpuppi Faces 20yrs in Prison On Fraud Charges
The statement partly read;
“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.
Also 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 also individuals victimized through business email compromise scams,
Also the type of scheme Mr. Abbas hushpuppi is charge with conducting from abroad.
“Technology has however essentially erased geographic boundaries
leaving trans-national criminal syndicates to believe that they are beyond the reach of law enforcement.
However The success in this case was the direct result of our trusted partnerships
between the Department of Justice and our federal law enforcement colleagues.
Furthermore 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.”
However This case is being prosecuted by Assistant United States Attorneys Anil J. Antony
and Joseph B. Woodring of the Cyber and Intellectual Property Crimes Section.
Furthermore If convicted of conspiracy to engage in money laundering, Abbas Hushpuppi
would face a statutory maximum sentence of 20 years in federal prison.