By : Michael Erinosho
Followed the arrest of Social media celebrity, Raymond Igbalode popularly known as Hushpuppi, Olalekan Jacob Ponle a.k.a Woodberry and ten others for multiple fraud charges along with over 11 other accomplices at Dubai on the 10th June, 2020, they will faces a statutory maximum sentence of 20 years in a US federal prison if convicted at Chicago court, U.S.
A statement released on Friday 3rd July, 2020 by the Department of Justice, U.S. Attorney’s Office, Central District of California, states that they were expected to be transferred to Los Angeles in the coming weeks.
The affidavit prepared alleges that hushpuppi and co conspired to launder funds stolen in over $14.6 million cyber-heist from a foreign financial institution in February 2019, in which the stolen money was sent to different bank accounts around the world.
Hushpuppi and others further attempted to launder hundreds of millions of 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,” the Department of Justice said in a statement on Friday.
The affidavit made in support of a criminal complaint and an arrest warrant for Hushpuppi, also captured phone conversations between him and his co-conspirators after each business email compromise (BEC) fraud and other scams they allegedly perpetrated including schemes targeting a U.S. law firm, a foreign bank and English Premier league club.