Nigerian Man Sentenced to Seven Years for Multi-Million Dollar Email Fraud Scheme in the U.S.
Oludayo Adeagbo, a 45-year-old Nigerian citizen, has been sentenced to seven years in federal prison in the United States for his involvement in a multimillion-dollar business email compromise (BEC) scheme. This information was confirmed in a release by the U.S. Department of Justice, with Principal Deputy Assistant Attorney General Nicole Argentieri providing details.
Adeagbo’s fraudulent activities reportedly aimed to steal over $3 million from various victims in Texas, including local government entities, construction companies, and a college in the Houston area. According to court documents, he also conspired with others to defraud a university in North Carolina out of more than $1.9 million.
Following his extradition from the United Kingdom in August 2022, Adeagbo faced criminal charges in both Charlotte and Houston. On April 8, he pleaded guilty to charges of wire fraud and conspiracy to commit wire fraud. His case was moved from the U.S. District Court for the Southern District of Texas to the U.S. District Court for the Western District of North Carolina prior to his guilty plea.
The Department of Justice emphasized that Adeagbo and his associates executed transnational cyber fraud schemes targeting various institutions across the U.S., resulting in significant financial losses.
In connection with the same fraud case, co-conspirator Donald Echeazu, 42, was also extradited from the U.K. He faced similar charges related to the BEC scheme that deceived the North Carolina university, resulting in a loss of over $1.9 million. Echeazu was sentenced to 18 months in prison on May 16, 2023, and will serve an additional year under supervised release. He was also ordered to pay restitution of $655,408.87 for his part in the scheme.
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