March 8, 2024 at 02:06AM
Echefu, a Nigerian man involved in a business email compromise scheme, has pleaded guilty to conspiracy charges in the US. Alongside his co-conspirators from South Africa, he gained unauthorized access to email accounts to orchestrate wire fraud and money laundering. Echefu faces up to 20 years in prison and must repay $199,929.
Based on the meeting notes, the key takeaways are:
– Henry Onyedikachi Echefu, a Nigerian resident involved in a business email compromise (BEC) scheme, has pleaded guilty to charges of conspiracy in a US court.
– Echefu and his co-conspirators gained unauthorized access to email accounts and sent fake instructions to wire money to “drop accounts.”
– The illegal transactions resulted in a loss of $199,929, with Echefu controlling roughly $22,000 of those funds.
– Echefu faces charges of conspiracy to commit wire fraud and conspiracy to commit money laundering, and he could face a maximum sentence of 20 years in federal prison.
– According to the plea deal, Echefu will pay back the sum of money he controlled and provide restitution to the victims’ losses totaling $199,929.