AFNewsNG
Latest Breaking News In Nigeria

Hushpuppi’s Associate, Woodberry, To Forfeit $8m, Assets, As He Pleads Guilty

0

Hushpuppi’s Associate, Woodberry, To Forfeit $8m, Assets, As He Pleads Guilty

Olalekan Jacob Ponle, known as Mr Woodberry, has pleaded guilty to wire fraud.


He also agreed to forfeit $8 million in proceeds of wire fraud as well as luxury cars and watches to the foreign government.

READ ALSO

Woodberry, a known associate of the now-imprisoned internet fraudster, Ramon Abbas, better known as Hushpuppi, recently in a plea declaration submitted at the United States District Court of the Northern District of Illinois Eastern Division on April 6, pleaded guilty to count one of the indictments, the Peoples Gazette reports.

READ ALSO  ‘How GT Bank Sacked Kogi Deputy Governor, Edward Onoja Over Fraud’ – Source

According to his plea agreement, he is required to pay back the sum of $8 million he fraudulently received from the seven companies that he scammed.

“Defendant understands that by pleading guilty, he will subject to forfeiture to the United States all right, title, and interest that he has in any property constituting or derived from proceeds obtained, directly or indirectly, as a result of the offence,” stated the document containing Mr Ponle’s signed plea declaration.

READ ALSO  JUST IN: Nigeria Police arrest Suspected killer of Uwa Omozuwa

Woodberry was also asked to waive his rights to the luxury cars, and designer watches he had stashed in Dubai.

The high-end automobiles include Rolls Royce Cullinan with vehicle no J9153, Lamborghini Urus (N4973) and Mercedes-Benz G-class (G68816).

Other items seized are four Rolex watches, one Patek Philippe watch, three Audemars Piguet watches, three gold and diamond-studded earrings, and six gold neck chains.

READ ALSO  How My Mother Killed My Sister, Made Me Sleep With Her Corpse - 29-Year-Old Man Narrates

Last year, he forfeited 151.8 Bitcoin to the American government.

On June 10, 2020, Woodberry was arrested in Dubai alongside Ramon Hushpuppi Abbas, who is currently serving an 11-year sentence for a similar fraud charge.

Prior to his arrest, Woodberry was known for rocking and flaunting expensive designer wear and showing off his illicit wealth to his massive Instagram followers, the majority of whom had no idea his luxury lifestyle was funded by cybercrime.

source

Watch What's Trending!

 

Leave A Reply

Your email address will not be published.