A Nigerian man, Oludayo Adeagbo, has been sentenced to seven years in prison in the United States for his role in a multimillion-dollar business email compromise (BEC) scheme.
The US Department of Justice announced the sentence in a statement from Principal Deputy Assistant Attorney General Nicole Argentieri.
According to Argentieri, Adeagbo was involved in multiple cyber-enabled BEC schemes, attempting to steal over $3 million from various entities in Texas.
Court documents revealed that the 45-year-old targeted local government bodies, construction companies, and a college in the Houston area.
Adeagbo, who also held a British passport, conspired with accomplices to defraud a university in North Carolina of more than $1.9 million.
Adeagbo was extradited from the United Kingdom to the US in August 2022 to face criminal charges in Charlotte and Houston.
On April 8, he pleaded guilty to one count of wire fraud and one count of conspiracy to commit wire fraud, following the transfer of his case from the US District Court for the Southern District of Texas to the Western District of North Carolina.
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“Oludayo Adeagbo and his coconspirators perpetrated transnational cyber-enabled fraud schemes that targeted schools, government entities, and companies across the United States, and caused millions of dollars in losses,” the DOJ said.
Meanwhile, Donald Echeazu, a 42-year-old Nigerian national, was extradited from the UK to the United States in connection with the same fraud scheme, in which a university in North Carolina lost over $1.9 million through a Business Email Compromise (BEC) attack.
On May 16, 2023, Echeazu was sentenced to 18 months in prison, followed by one year of supervised release.
He was also ordered to pay $655,408.87 in restitution for his role in the conspiracy.
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