Hushpuppi Pleads guilty to money laundering charge, faces 20 years in Prison

By AdvocateNews on 28/07/2021

Share on facebook Yahoo mail icon Gmail icon

Views: 744


Suspected international fraudster, Ramon Abbas, popularly known as Ray Hushpuppi, has reportedly pleaded guilty to money laundering, business email compromise scams and other online heists.

According to American Journalist, Evan Ratliff, the Nigerian self-proclaimed “Billionaire Gucci Master”pled guilty to the charges leveled against him and he will likely face up to 20 years in prison.

He stated;

UPDATE: Ramon Abbas aka Ray Hushpuppi agreed today to plead guilty in federal court to conspiracy to engage in money laundering, of funds from business email compromise scams and other online heists. He’ll face up to 20 years in prison at sentencing.

 

He added;

In his plea agreement, Abbas admitted to laundering money from the Malta Bank heist and the BEC attacks on a Premier League club, another UK firm, and an American law firm, as well as additional schemes.

 

He revealed that Abbas’s plea agreement, which involved crimes allegedly perpetrated by North Korean state sponsored hackers, was heavily redacted, and many of the filings in the case remain sealed.

 

Background

In June 2020, Hushpuppi, a popular socialite in Nigeria, was arrested in United Arab Emirates alongside his friend, Olalekan Ponle popularly known as Woodberryand others over money laundering and wire fraud allegations.

The 38-year-old known for flaunting his opulent lifestyle on social media, was arrested in Dubai by special agents including Emirate police officers and Federal Bureau of Investigation (FBI) operatives.

A short film detailing how Dubai police tailed and arrested a gang of online fraudsters including the socialites was released.

According to the narrator in the four-minute film released on June 25, the operation which led to the arrest of 12 fraudsters was for about four months.

Six raids were carried out simultaneously while some of them were asleep in their Dubai apartments.

Dubai police was able to track down Hushpuppi and his gang after months of investigating and monitoring their social media activities.

The film narrator stated that fake pages for existing websites were created by the gang to redirect any payments to their bank accounts.

They also allegedly hacked corporate emails and sent fake messages to victims, redirecting financial transfer and important documents.

Hushpuppi and his fellow fraudsters have defrauded almost 2 million victims globally of N168 billion, seizing more N50 billion in cash and 13 luxury cars worth N3.7 billion.

Federal Bureau of Investigation (FBI) in an affidavit stated that Abbas conspired to launder funds stolen in a $14.7 million cyber-heistfrom a foreign financial institution in February 2019, in which the stolen money was sent to bank accounts around the world.

He also provided a co-conspirator with two bank accounts in Europe that he anticipated each would receive €5 million (about $5.6 million) of the fraudulently obtained funds.

Abbas and others further conspired 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.

Since his arrest, the suspected international fraudster has since been in detention whilst being tried at a court in California, United States.

 

Posted 28/07/2021 6:19:16 PM

 

Share on facebook Yahoo mail icon Gmail icon


 

You may also like...
Only PDP NEC can suspend me —Secondus

Taliban has won, fleeing President Ghani says as...

Gunmen in military uniform kill scores in Narayi,...

2019: Why we might consider adopting a new...

Six female paasengers kidnapped, raped by suspected herdsmen...

How three governors created Boko Haram – Borno...

SEEDS OF DESTINY FEB 1, 2021: UNDERSTANDING YOUR...

EFCC arrests 16 internet fraud suspects in Enugu...

COVID-19: CBN suspends cheques clearing instruments

Buhari sacks Service Chiefs, appoints replacements

Eid El- Maulud: Kalu tasks Muslim faithful on...

Tragedy: Bamidele, one other shot at Ado-Ekiti APC...

 

Latest News 2023: ‘Pairing of Governor Yahaya Bello and FFK as candidate and running mate untrue’ – APC Chieftain You’re just an attention seeker – PDP tells Umahi Maiduguri thrown into darkness again as ISWAP blows up high tension electricity towers Breaking: INEC office in Awgu, Enugu state set ablaze Angry residents set six suspected bandits ablaze in Sokoto community Ex-CBN Deputy Governor, Mailafia is dead Gunmen attack political meeting in Enugu, threaten no election in South East in 2023 Unknown gunmen kill 3 policemen in Enugu EFCC arrests 16 internet fraud suspects in Enugu Osinbajo charges religious leaders to pay Pentecost tax Miyetti Allah chairman dies in the hands of kidnappers — Official Rumour of Ugwuanyi joining APC is false - Onoh

 

Most Read I’ve no Coronavirus, govt wants to kill me – Anambra Index case (169,634 views) Ugwuanyi commends FG’s siting of ICT University in Enugu (167,783 views) Ebonyi bans embalming of corpses in homes (167,783 views) FG sends new directive to banks, schools as Buhari extends lockdown by four weeks (167,783 views) Fleeing ex-DG Imo Broadcasting Corporation who stabbed wife to death arrested (167,782 views) Sickle cell support group seeks government intervention (167,781 views) Ex-Heads of State will protect Jonathan from persecution —Kukah (167,777 views) Full Text of Governor Ifeanyi Ugwuanyi’s 2016 Budget Speech (167,707 views) HUSHPUPPI: CRIMINALS HAVE NO TRIBE. THEY SHAME ALL OF US... (164,795 views) ASUU strike: Senate intervention ends in deadlock (164,393 views) All you need to know about Peter Obi, PDP VP Candidate (135,142 views) DEMOCRACY DAY: President Muhammadu Buhari’s full speech (133,601 views)

 

 

SECTIONS FAITH (156) EDITORIAL (17) NEWS (6,643) POLITICS (493) SOCIETY (129) SPORTS (51) BUSINESS (364) HEALTH (57) EDUCATION (48) ENTERTAINMENT (49) INTERNATIONAL (176) TECHNOLOGY (1) COLUMNISTS (57) LETTERS (4) OPINION (37)

 

 


There are no video entries posted yet.