A Nigerian fraudster has been sentenced to 7 years for business wire fraud in the US

8 October 2024 1 minute Author: Newsman

A Nigerian extradited to the United States has been sentenced to seven years in prison for his role in a multimillion-dollar business email fraud (BEC) scheme that targeted educational institutions and companies in North Carolina and Texas.

Oludeyo Kolawole John Adeagbo, a citizen of Nigeria and the UK, was extradited to the US after being involved in multi-million dollar fraud schemes. He and accomplices took more than $1.9 million from a university in North Carolina, and also attempted to steal more than $3 million from companies and government entities in Texas. Fraudsters used fake email addresses that mimicked the real addresses of company employees, which helped them receive large sums of money through bank transfers.

Adeagbo was involved in wire fraud (BEC) schemes spanning several states targeting educational institutions and businesses. He and his accomplices created fake domains and email addresses, tricking their victims into making transfers to their bank accounts. As a result, the funds were transferred to other accounts to hide the traces of the fraud. The conviction of Adeagbo demonstrates the seriousness of the fight against international cybercrime, as well as the importance of international cooperation in identifying and extraditing criminals.

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