Two British-Nigerian men sentenced over multimillion-dollar business email scam

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Fraudsters targeted local government, colleges, and construction firms in Texas and North Carolina

Two British-Nigerian men were sentenced for serious business email compromise schemes in the US this week, netting them millions of dollars from local government entities, construction companies, and colleges.

Together, Adeagbo and Echeazu spent around six months between 2016 and 2017 setting up the scam, which raked in $1.9 million. "As a North Carolina university planned for growth with a new construction project, Adeagbo worked on a scheme to defraud the school by stealing nearly two million dollars of its funding," said Robert M DeWitt, special agent in charge of the FBI Charlotte Field Office.

"Oludayo Adeagbo thought he was pretty slick stealing other people's money via this scam. His victims, however, strongly disagreed," said Michael Nordwall, executive assistant director at the FBI.

 

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