Nigerian arrested in Ghana for $7.5m BEC fraud

by Editor4
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A Nigerian man, Olusegun Samson Adejorin, has been arrested and charged with wire fraud, aggravated identity theft, and unauthorised access to a protected computer related to a $7.5 million scheme.

Adejorin allegedly defrauded two charitable organisations by impersonating employees and gaining access to the employeesโ€™ email accounts.

According to a statement issued by the United States Attorneyโ€™s Office for the District of Maryland, Adejorin faces an eight-count federal grand jury indictment.

โ€œAccording to the eight-count indictment, between June and August 2020, Adejorin perpetrated a scheme to defraud Victim 1, a charitable organisation located in North Bethesda, Maryland and Victim 2, a charitable organisation located in New York, New York by gaining access to employee email accounts and impersonating employees to induce financial transactions.

โ€œThe indictment alleges that Adejorin posed as an employee of Victim 2 to request withdrawals of Victim 2โ€™s funds from Victim 1, a charitable organisation that provided investment services to Victim 2. Withdrawals over $10,000 required approval from at least one of several individuals authorised by Victim 1. According to the indictment, Adejorin fraudulently obtained the credentials of employees at Victim 1 and Victim 2 and posed as those employees to send emails from their accounts, including emails making fraudulent requests for the withdrawal of investment funds.

โ€œAs part of the scheme, Adejorin also allegedly purchased a credential harvesting tool designed to steal email login credentials, registered spoofed domain names, and concealed the fraudulent emails from a legitimate employee by causing the fraudulent emails to be moved to an inconspicuous location within Employee 1โ€™s mailbox.โ€

If convicted, Adejorin faces a maximum sentence of 20 years in prison for each of five counts of wire fraud; a maximum of five years in prison for unauthorised access to a protected computer; and a mandatory sentence of two years in federal prison, consecutive to any other sentence imposed, for each of the two counts of aggravated identity theft. (Leadership)

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