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Africa / Crime Watch

Hushpuppi pleads guilty to money laundering charges

Ramon Abass, also known as Hushpuppi, a Nigerian Instagram star, has reportedly agreed to plead guilty to a money laundering charge.

BBC pidgin claimed to have discovered court documents in which he agreed to plead guilty.

According to the report, he was willing to appear in court and plead guilty to conspiracy to engage in money laundering.

Hushpuppi is on trial in Los Angeles, California, and according to reports, he faces up to 20 years in prison.

Hushpuppi is accused of leading a group that facilitates computer intrusion, Business Email Compromise (BEC) fraud, and money laundering.

He initially pleaded not guilty to four counts of wire fraud conspiracy, money laundering conspiracy, international money laundering, and engaging in monetary transactions in property derived from specified unlawful activity.

The US Department of Justice, on the other hand, insisted that he led an opulent social media lifestyle funded by a cybercrime syndicate involved in email compromise or BEC scheme, hacking corporate emails and duping employees into making money transfers.

“Abbas maintains social media accounts in which he is frequently seen wearing designer clothes, wearing expensive watches, and posing in or near luxury cars and charter jets.” According to the court document, “the FBI investigation revealed that Abbas finances this opulent lifestyle through crime.”

“Abbas and others also conspired to launder hundreds of millions of dollars.”

Also read: FBI links Hushpuppi to North Korean hackers

“Abbas and others further conspired to launder hundreds of millions of dollars from other fraudulent schemes and computer intrusions,” the Department of Justice stated months ago.


Source: BBC Pidgin

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