Saturday, 4 July 2020

Hushpuppi conspired to steal £100 million from English Premier League club

A few days after he was extradited to the United States from Dubai, Ramon Olorunwa Abbas, a.k.a Hushpuppi, made his first court appearance where he was charged with accusations ranging from money laundering to participating in business email compromise (BEC) schemes targeting a US law firm, an English Premier League side, and a foreign bank. 
In a report released by the U.S Attorney’s Office, Central District of California, Hushpuppi is accused of conspiring “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.”
Hushpuppi is accused of stealing $922,857 in October last year from a client of a New York-based law firm through another BEC scheme.
“Abbas and co-conspirators allegedly tricked one of the law firm’s paralegals into wiring money intended for the client’s real estate refinancing to a bank account that was controlled by Abbas and the co-conspirators,” the report stated.
He is also accused of conspiracy to launder funds stolen in a $14.7 Million cyber-heist from a foreign financial services firm in February 2019. Hushpuppi allegedly provided the co-conspirators with 2 bank accounts in Europe, anticipating to receive €5 million each.
If he is found guilty of money laundering and other related crimes, he faces a statutory maximum sentence of 20 years in a federal prison.

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