Security News > 2022 > November > Instagram star gets 11 years for $300m email scam plot

Instagram star gets 11 years for $300m email scam plot
2022-11-10 20:46

Nigerian-born Ramon Olorunwa Abbas, 40, also known as Ray Hushpuppi, pleaded guilty to conspiracy and will spend 11 years and three months behind bars in the United States for his role in multiple online fraud sprees.

Photos of Abbas captured from his accounts show him living it up from his ill-gotten gains: relaxing on private jets, standing by luxury cars, ad so on.

Abbas bankrolled his playboy world via a number of cybercrime campaigns, such as a pair of operations in 2019 in which he and another online scammer conspired to launder approximately $14.7 million stolen from a bank in Malta, and the aforementioned scam targeting an English Premier League team and another UK company.

Abbas pleaded guilty to a single charge of conspiracy to engage in money laundering in April last year.

Prosecutors further believe Abbas may have provided his money laundering services to the North Korean government, which US officials said was responsible for a bank intrusion in Malta in 2019.

The amount stolen by North Korean hackers was the same amount Abbas admitted plotting to launder.


News URL

https://go.theregister.com/feed/www.theregister.com/2022/11/10/instagram_star_bec_prison/