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Two Nigerians who Stole more than 1m Pounds Imprisoned in UK


Olawale Kashimawo and Emmanuel Mmaduike from Nigeria and operators of one cyber-crime gang from London are to spend jail term following committing a theft of 1m-and-more in pounds. The 31-yr-old Nigerian pair expended the money to lead an extravagant lifestyle, said the United Kingdom National Crime Agency.


Sky News reports the two Nigerians flew on a rented helicopter as well as made "flash car" rides while clicked photographs posing with drinking champagne, wearing expensive watches and holding lots of cash. They executed fraud operations from London's south-eastern region following acquiring innumerable business e-mail ids along with passwords that the two utilized for redirecting cash from genuine organizations onto their own accounts.


The attack, which is formally called "business e-mail compromise," has crooks pretending to be senior executive while trying towards persuading the victim for transmitting money. According to the National Cyber Security Centre of UK, BEC frauds are a very fast expanding cyber-crime. Theeagleonline.com posted this, May 20, 2018.


In the particular fraud, Mmaduike would acquire admission into e-mail accounts of the victim followed with changing the invoices in a way that payments would be redirected onto mule bank A/Cs that Kashimawo operated. Subsequently, the partner of Kashimawo would arrange withdrawals as well as world bank-transfers with the purpose of laundering the funds.


The two Nigerians believably executed money laundering and fraud valuing over 1m pounds during April-November 2015. Mmaduike got a 6-yr-10-month prison term during March 2017 following his guilty plea of committing fraud and money laundering. Further in his guilty plea he acknowledged making a fake marriage with one woman of Holland.


The investigation Chief Tony Adams at NCCU (National Cyber Crime Unit) of NCA stated that companies in UK require being cautious while authorizing important transactions, especially when some last-minute alteration takes place of account particulars. Incase not sure, the companies need calling the person who should be getting the money over phone before approving any big payment. Passwords should be kept safe and not utilize an identical password for several Internet A/Cs. Crucially, victims of money laundering and e-mail scam should report to the NCA that continuously tackles the said problems.

» SPAMfighter News - 5/29/2018

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