Nigerian jailed in US for laundering $3.1m scam proceeds
A Nigerian national has been sentenced to nearly 8 years in a US prison for laundering over $3.1 million from various fraud schemes targeting US citizens. Read More: https://punchng.com/nigerian-jailed-in-us-for-laundering-3-1m-scam-proceeds/
Nigerian national Oluwasegun Baiyewu has been sentenced to 95 months in prison in the United States for his role in a money laundering conspiracy involving various fraud schemes that targeted US citizens. The US Department of Justice revealed that Baiyewu, along with at least six other co-conspirators, coordinated the receipt and use of illicit money between May 2020 and October 2021.
The conspiracy involved the use of encrypted messaging applications, such as WhatsApp, to facilitate the laundering of funds obtained from a business email compromise scheme, as well as romance and unemployment insurance fraud schemes. The Department of Justice's Cyber-Enabled Scam Initiative, which focuses on prosecuting cyber-enabled financial crimes, investigated the case with assistance from various agencies, including the US Postal Inspection Service, US Department of Labor Office of Inspector General, and FBI San Juan Cyber Task Force.
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