A Federal jury in New Haven, Connecticut, United States, convicted a Nigerian national yesterday for operating a business email compromise scheme out of multiple countries, including the United States.
According to court documents and evidence presented at trial, Okechuckwu Valentine Osuji, 39, and his co-conspirators targeted specific individuals and businesses by masquerading as trustworthy entities in electronic communications to obtain money.
They utilised unwitting and witting “money mules” to receive fraud proceeds in their bank accounts, and then transferred those funds to accounts under the control of Osuji and his co-conspirators or to convert the stolen proceeds to cash for further transfer.
Over the course of the scheme’s years-long operation, numerous victims were tricked into transferring funds into bank accounts the victims believed were under the control of legitimate recipients of the funds as part of normal business operations, when in reality, the bank accounts were controlled by Osuji and his co-conspirators.
As a result of the scheme, losses and intended losses totaled over $6.3 million.
“Osuji led a network of scammers in Malaysia and elsewhere in a sophisticated business email compromise scheme to defraud victims of millions of dollars,” said Principal Deputy Assistant Attorney General Nicole M. Argentieri, head of the Justice Department’s Criminal Division. “Today’s conviction is another example of how the department’s collaboration with international law enforcement partners enables us to bring cybercriminals to justice in the United States.”
“While it is often difficult to identify and bring to justice cybercriminals operating overseas, today’s verdict demonstrates the expertise of the FBI and Stamford Police in uncovering this criminal network, and the shared commitment of our counterparts in Malaysia to ensure that fraudsters are held accountable in a court of law,” said U.S. Attorney Vanessa Roberts Avery for the District of Connecticut. “We will continue to work to root out those who engage in internet fraud schemes, no matter where in the world they operate, and achieve justice for victims of these crimes.”
