Forbes acclaimed youngest millionaire, Obinwanne Invictus Obi has been sentenced to 10 years imprisonment over $11M. Hushpuppi and Woodberry might be the next person soon to be convicted in the US.
A Nigerian entrepreneur and a Forbes Africa 30 Under 30 honoree Obinwanne Okeke has been sentenced to a 10-year jail term for computer and wire fraud by an American court.
Popularly known as Invictus Obi, Okeke was found guilty of causing approximately $11 million in known losses to his victims between 2015 and 2019.
He had earlier pleaded guilty to the crimes in June.
“Through subterfuge and impersonation, Obinwanne Okeke engaged in a multi-year global business email and computer hacking scheme that caused a staggering $11 million in losses to his victims,” said Raj Parekh, Acting U.S. Attorney for the Eastern District of Virginia.
“Today’s sentence further demonstrates EDVA’s and FBI’s worldwide reach in vigorously pursuing justice on behalf of American victims and others and holding international cybercriminals accountable, no matter where they commit their crimes.”
Okeke, the founder of Invictus Group, has a degree in International Studies and Forensic Criminology and Masters of International Relations and Counter-Terrorism Studies from Monash University in Australia, according to his official profile.
Okeke was named on the Forbes Africa’s 30 Under 30 For 2016 and was featured on the magazine’s June 2016 cover. A year later, CNBCA named Okeke as a finalist for Young Business Leader of the Year (West Africa).
He was featured regularly in Nigerian and international media. Okeke also earned high praises from Nigerian politicians.
As part of the scheme, 33-year old Okeke and other conspirators engaged in an email compromise scheme targeting Unatrac Holding Limited, the export sales office for Caterpillar heavy industrial and farm equipment. In April 2018, a Unatrac executive fell prey to a phishing email that allowed conspirators to capture login credentials.
The conspirators sent fraudulent wire transfer requests and attached fake invoices. Okeke participated in the effort to victimize Unatrac through fraudulent wire transfers totaling nearly $11 million, which was transferred overseas.
“The FBI will not allow cyber criminals free reign in the digital world to prey on U.S. companies,” said Brian Dugan, Special Agent in Charge of the FBI’s Norfolk Field Office. “This sentencing demonstrates the FBI’s commitment to working with our partners at the Department of Justice and our foreign counterparts to locate cyber criminals across the globe and bring them to the United States to be held accountable.”
Source: Instablog9ja
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