Hushpuppi: Woodbery defrauded US firm of $15.3m stashed away in Bitcoin wallet

Hushpuppi: Woodbery defrauded US firm of $15.3m stashed away in Bitcoin wallet — FBI ON JULY 7

Hushpuppi: Woodbery defrauded US firm of $15.3m stashed away in Bitcoin wallet — FBI ON JULY 7, 20206:18 AMIN NEWS Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare FBI The Federal Bureau of Investigations, FBI, has filed a case alleging that Olalekan Jacob Ponle, who was arrested alongside Hushpuppi, defrauded US firms of millions. Police authorities had earlier shared footage of how Hushpuppi and his 11 cronies were busted in a special operation over cyber-fraud involving 1.9 million victims to the tune of N168 billion. Arrested on June 10, the suspects were said to have been involved in crimes spanning money laundering, hacking, impersonation, scamming, banking fraud, and identity theft. Alongside Hushpuppi, Ponle, who is better known as Woodbery, had been expelled from the UAE to the US where he is to face charges of conspiracy to commit fraud, one for which he risks 20 years jail term. In an affidavit filed on Woodbery’s case, the FBI said that part of the sum from the scams, which he pulled between January and September 2019, had been stashed away in a Bitcoin, BTC, wallet. READ ALSO: Just in: 4 EFCC officials receive FBI commendation certificate Bitcoin is a type of virtual currency not issued by any government, bank, or firm but is generated and controlled through computer software operating on a decentralised peer-to-peer network. While BTC transactions are recorded in the Bitcoin blockchain, the identities of the individuals or entities are not recorded on the public ledger, making the platform partially anonymous. FBI said Woodbery staged business email compromise, BEC, schemes targeting accounts through computer intrusion techniques to cause the unauthorised transfer of funds from victim companies. Among these are schemes that caused a Chicago-based company to lose $2,300,000 while another firm was defrauded into transferring a total of $15,268,000, part of which was stashed away in BTC wallet. The affidavit read: “Preliminary blockchain analysis indicates that Ponle received at least 1,494.71506296 bitcoin related to these BEC schemes, valued at approximately $6,599,499.98. “These schemes resulted in attempted and actual losses to victim companies in the tens of millions. Ponle directed money mules in the US to open bank accounts in the names of victim companies. “Proceeds from BEC schemes, ranging from hundreds of thousands of dollars to millions of dollars, were then wired by unwitting employees to the bank accounts opened by Ponle’s mules. “Ponle then instructed the mules to convert the proceeds to Bitcoin and to send the proceeds of the BEC schemes to a bitcoin wallet that he owned and operated.” Woodbery is expected to appear in court on July 9, for hearing on his detention. Vanguard Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Related Hushpuppi's extradition to US July 3, 2020 Dubai Police extradites ‘Hushpuppi’ to United States July 3, 2020 Breaking: Dubai Police hands over Hushpuppi to FBI in US July 2, 2020 All rights reserved. This material and any other digital content on this platform may not be reproduced, published, broadcast, written or distributed in full or in part, without written permission from VANGUARD NEWS. Download Vanguard News App. Technical Feedback: whatsapp 08023469027 READ our Privacy-policy and cookie policy. READ ALSO: N700million fraud: Court adjourns case against Ize-Iyamu, four others Vanguard PROMOTED BREAKING: Popular Warri Pastor Sisan Leigh dies Drink This Before Bed, Watch Your Body Fat Melt Like Crazy! N.greencoffeeNG 87% Of People Quit Their Job After Reading This Story Daily News Edo 2020: We'll isolate Wike, win election before he recovers ― Ganduje Earn $9342 Per Month With Amazon Shares, $200 Minimum Investment, Get A Call Today! Invest Stocks Apapa Customs impounds Rolls Royce, Lamborghini Hurricane, others - Richest Man in Nigeria Exposes Millionaire Secret Daily News NWAFOR View all posts by Nwafor → PREVIOUS POST Bandits kill 15 in Katsina community Disclaimer Comments expressed here do not reflect the opinions of vanguard newspapers or any employee thereof.

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COVID-19: Lagos postpones secondary school entrance exams indefinitely Read more at: https://www.vanguardngr.com/2020/06/covid-19-lagos-postpones-secondary-school-entrance-exams-indefinitely/

By Olasunkanmi Akoni Lagos State Government has postponed entrance exams into secondary schools indefinitely. Lagos, through its State Examinations Board, LSEB, postponed, indefinitely, 2020 Basic Education Certificate Examination, BECE, into its Junior Secondary Schools in the state due to the COVID-19 pandemic. The examination was earlier scheduled for June 16 to 23, 2020. Director, LSEB, Mr. Supo Gbadegesin, who announced this on Monday, explained that the directive affected both public and private schools. ALSO READ: Gov Makinde orders free entry into Schools of Science, Junior Secondary Schools The statement read in part: “In view of the prevailing situation of the pandemic virus called COVID-19 and the precautionary steps taken by Lagos State Government to combat the deadly disease, Lagos State Examinations Board hereby notifies the general public, especially all duly registered public and approved private Junior Secondary Schools in the state, that year 2020 Basic Education Cert...

At June 12, Yoruba group seeks self-government for race By Gbenga Akinfenwa (Lagos), Oluwaseun Akingboye (Akure) and Rotimi Agboluaje (Ibadan) 12 June 2020 | 3:34 am How FG is promoting legal rights of Nigerians - Buhari 1 hour ago PM Johnson says UK anti-racism protests 'hijacked by extremists' 1 hour ago Alleged Chinese spy arrested at LA airport for visa fraud 1 hour ago • Nothing to celebrate 27 years after, says Onitiri • Falana urges patriots to intensify struggle for genuine democracy A Yoruba group, the Oodua Action Movement (OAM), has urged President Muhammadu Buhari to give the Yoruba people self-government by reverting to regional government. The group, which is an association of Yoruba indigenes in Diaspora, also asked all Yoruba people to use the June 12 occasion for sober reflection and unity among themselves. The Co-ordinator, Demola Edward, in a statement in Akure yesterday, clamoured for autonomous nation to bring back progress and development. According to him, it is imperative that all Yoruba people globally should come together to actualise an autonomous nation so as not to remain perpetual slaves in their fatherland. In a related vein, a political activist/social critic, Chief Adesunbo Onitiri, has called for sober reflection and rebirth by political players, leaders and appointees across the country. Onitiri, who spoke yesterday in Lagos, expressed sadness that the politicians had forgotten so soon the sacrifice and message of June 12, which the late Chief Moshood Kashimawo Olawale (MKO) Abiola struggled and died for, adding that currently, there is no democratic government in Nigeria. Also, a human rights lawyer, Femi Falana, said immortalising Abiola was not enough, saying that the last 21 years in the nation’s return to democratic rule have been full of sorrow and tears. Falana, who spoke during a live radio programme in Ibadan, urged true patriots in the country to intensify the struggle for genuine democracy. He said: “One of the policies carried out by the Buhari administration is the recognition of June as a public holiday and replacement of Democracy Day which was originally May 29. Those who set May 29 as a Democracy Day did so out of spite. “For eight years, Olusegun Obasanjo’s administration refused to recognise the supreme sacrifice paid by Abiola in the restoration of democracy in Nigeria. It was very good on the part of this administration to have recognised that day. “But it is not enough to immortalise MKO. It is not enough to recognise June 12 as a Democracy Day. The last 21 years have been civil rule of disenchantment and frustration on the part of the majority of Nigerians. That is why the struggle to have genuine democracy must be intensified by genuine patriots in this country.” In this article: Femi FalanaMoshood Kashimawo Olawale (MKO) Abiola Receive News Alerts on Whatsapp: +2348136370421 No comments yet Guardian ePaper MORE Latest Democracy day: Obaseki vows to protect Edo’s resources 16 mins ago Nigeria Only ‘real democracy’ can accord Nigeria international respect – Abiodun 28 mins ago Nigeria Recognition of June 12 as Democracy Day, a tribute to courage – Oyetola 48 mins ago Nigeria Alleged Chinese spy arrested at LA airport for visa fraud 1 hour ago World Sacha Jafri creating ‘Largest Single-Painting’ to raise funds to battle coronavirus 1 hour ago Visual Arts Editor's Pick 1 Senate okays N10tr loans, jerks 2020 budget to N10.8tr 2 Okorocha to be arraigned soon, says EFCC 3 Why Abacha stashed money in foreign accounts, by Al-Mustapha 4 Text of President Muhammadu Buhari's 2020 Democracy Day address 5 Nigeria’s daily toll hits record high as NCDC confirms 681 new cases TOP Home Nigeria National Metro World Africa Asia Europe US Politics Sport Football Boxing Athletics Tennis Other Sports Opinion Editorial Contributors Columnists Cartoons Business Appointments Business News Business RoundUp Industry Aviation Capital Market Communications Energy DrillBytes Maritime Money Technology Gadgets Telecoms Social Media Technology Guardian Arts Arts Art House Artfolk Revue Literature Theatre Visual Arts Guardian Life Beauty Culture Events Features Food Film Love and Relationships Music Odd News On The Cover Spotlight Style Travel and Places Wellness What's New Features Gender BusinessAgro Education Executive Motoring Executive Briefs Focus Friday Worship Health Law Media Science Youth Speak Guardian Woman Entrepreneurship GW Fiction Personality Issues WIMBIZ Guardian Angels Advocacy Commentary Corporate Social Responsibility Philanthropy Social Impact Property Environment Mortgage Finance Real Estate Urban Development Saturday Magazine Youth Magazine Just Human Life & Style Love & Life Transition Travel & Tourism Celebrity Brand Intelligence Gardening Weekend Beats Sunday Magazine Ibru Ecumenical Centre Campus CityFile News Feature Living Healthy Diet Living Wellbeing Newspeople Games Facebook Instagram Twitter HomeAbout UsFlightsAdvertise With UsTerms © 2020 Guardian Newspapers. 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c By Gbenga Akinfenwa (Lagos), Oluwaseun Akingboye (Akure) and Rotimi Agboluaje (Ibadan) 12 June 2020 | 3:34 am How FG is promoting legal rights of Nigerians - Buhari 1 hour ago PM Johnson says UK anti-racism protests 'hijacked by extremists' 1 hour ago Alleged Chinese spy arrested at LA airport for visa fraud 1 hour ago • Nothing to celebrate 27 years after, says Onitiri • Falana urges patriots to intensify struggle for genuine democracy A Yoruba group, the Oodua Action Movement (OAM), has urged President Muhammadu Buhari to give the Yoruba people self-government by reverting to regional government. The group, which is an association of Yoruba indigenes in Diaspora, also asked all Yoruba people to use the June 12 occasion for sober reflection and unity among themselves. The Co-ordinator, Demola Edward, in a statement in Akure yesterday, clamoured for autonomous nation to bring back progress and development. According to him, it is imperative that all Yoruba people g...

PDP will retain Edo – Gov Diri

PDP will retain Edo – Gov Diri ON JULY 25, 20206:49 PMIN NEWS Kindly Share This Story:FacebookTwitterEmailWhatsAppPinterestShare Gov Diri Bayelsa State Governor, Senator Douye Diri, has said the Peoples Democratic Party (PDP) candidate in the Edo State governorship election, Godwin Obaseki, will be re-elected in the September poll. He maintained that Governor Obaseki’s performance has surpassed the expectation of the Edo people. Governor Diri, who joined his counterparts from Delta State, Dr. Ifeanyi Okowa, Nyesom Wike (Rivers), Aminu Tambuwal (Sokoto), Bala Mohammed (Bauchi), Seyi Makinde (Oyo) and other party stalwarts, spoke on Saturday at the flag-off of the Edo PDP governorship campaign at the Samuel Ogbemudia Stadium in Benin City. He urged Edo people to turn out en masse to vote for the PDP in the September 19 election. Senator Diri urged the people of Edo to remain resolute and not be deceived into accepting what they rejected in the last election. A press release by his acting...

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