Security News > 2020 > July > Nigerian Man Charged With Cyber Fraud Against US Companies
2020-07-06 12:01
A Nigerian national appeared in federal court in Chicago Friday accused of orchestrating an international cyber fraud scheme that federal prosecutors say defrauded U.S. businesses in six states out of tens of millions of dollars.
He appeared in court Friday morning to face a charge of conspiracy to commit wire fraud.
The complaint alleges Ponle directed the mules to to convent the proceeds of the fraud into Bitcoin and send them to a virtual wallet that Ponle owned and operated.
Companies based in Iowa, Kansas, Michigan, New York and California also were victims of the fraud, prosecutors say.
Conspiracy to commit wire fraud is punishable by up to 20 years in federal prison.