NIGERIAN SENTENCED TO 7 YEARS IN PRISON FOR US FRAUD
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Oludayo Adeagbo, a Nigerian, has been sentenced to seven years in jail in the United States for his involvement in a commercial email breach plot that involved millions of dollars.
The US Department of Justice made this known in a statement issued by Principal Deputy Assistant Attorney General Nicole Argentieri.
Argentieri claims that the defendant attempted to steal over $3 million from victim entities in Texas by participating in many cyber-enabled BEC schemes.
According to DOJ, 45-year-old also targeted construction companies, local government agencies, and a college in the Houston area, according to court records.
It further stated that Adeagbo, who was also in possession of a British passport, plotted with his partners to steal over $1.9 million from a university in North Carolina.
After being extradited from the United Kingdom to face criminal charges brought in Charlotte and Houston, he arrived in the US in August 2022. Relevant News
The Nigerian man entered a guilty plea on April 8 to one count of conspiracy to commit wire fraud and one count of wire fraud for his illegal actions in both cases.
He pleaded guilty following the transfer of his case from the US District Court for the Southern District of Texas to the US District Court for the Western District of North Carolina.
“Oludayo Adeagbo and his coconspirators perpetrated transnational cyber-enabled fraud schemes that targeted schools, government entities, and companies across the United States, and caused millions of dollars in losses,” the DOJ said.
In the meantime, his 42-year-old Nigerian accomplice, Donald Echeazu, was extradited to the United States from the United Kingdom due to the same fraud, in which the University of North Carolina lost over $1.9 million through a BEC scheme.
Echeazu was found guilty of conspiracy on May 16, 2023, and was sentenced to 18 months in prison, one year of supervised release, and $655,408.87 in compensation.
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