#corporateleaders
Ikechukwu Odoemelam Esq
"A notorious Instagram influencer from Nigeria has been jailed for more than 11 years in the US for his role in an international fraud syndicate.
Hushpuppi, whose real name is Ramon Abbas, was also ordered to pay $1,732,841 (£1,516,182) in restitution to two victims.
The influencer rose to fame flaunting his wealthy lifestyle on his page, which boasted 2.8 million followers.
But it all came crashing down when he was arrested in Dubai two years ago.
According to Don Alway, the assistant director in charge of the FBI's Los Angeles field office, Abbas had - behind the glitz of his account - become "one of the most prolific money launderers in the world".
"Abbas leveraged his social media platforms... to gain notoriety and to brag about the immense wealth he acquired by conducting business email compromise scams, online bank heists and other cyber-enabled fraud that financially ruined scores of victims and provided assistance to the North Korean regime," Mr Alway said in a court document on Monday.
Abbas pleaded guilty to money laundering last year, admitting attempting to steal more than $1.1m from someone who wanted to fund a new children's school in Qatar. Court documents in California say he played a key role in the scheme, playing "the roles of bank officials and creating a bogus website".
He also admitted to "several other cyber and business email compromise schemes that cumulatively caused more than $24 million in losses", the US justice department said.
Among them was a 2019 scheme, which plunged the European island of Malta into chaos as payment systems shut down after he tried to launder €13m ($13m) stolen by a gang of North Korean hackers from the Maltese Bank of Valletta."
https://www.bbc.com/news/world-africa-63542573.amp
Ikechukwu #corporateleaders
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