Ten Nigerian nationals have been convicted in a United States District Court for their roles in a sophisticated transnational internet fraud network that swindled victims out of $125 million.
The group was part of a larger syndicate of 25 defendants found guilty following a four-day trial in Ohio.
The convicts, including Oluwafemi Michael Awoyemi and Ayobami Osas Christopher, used business email compromise (BEC) schemes to infiltrate corporate accounts and intercept payments.
Prosecutors revealed that over $50 million was laundered through a Chicago-based money service.
During the investigation, the FBI recovered nearly $1.2 million in assets, including luxury watches, cryptocurrency, and real estate.
The defendants now face heavy sentencing for charges of fraud and money laundering.
#Cybercrime #EFCC #FBI #InternetFraud #MoneyLaundering #NigeriaUS #TransnationalCrime #QubesMagazine
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