$20m Cyber Fraud: Nigerian man sentenced to 10 years in U.S prison
A 33-year-old Nigerian man, Babatunde Francis Ayeni, has been sentenced to 10 years in a U.S. federal prison for his role in a significant cyber fraud conspiracy that impacted more than 400 individuals nationwide, resulting in total losses nearing $20 million.
The U.S. Attorney’s office revealed in a statement that court documents and testimonies confirmed Ayeni’s involvement in a sophisticated business e-mail compromise scheme that specifically targeted real estate transactions across the country.
READ ALSO: Man sentenced to 8 years for ₦62m land fraud
At the time of his arrest, Ayeni was residing in the UK and pled guilty to conspiracy to commit wire fraud in April 2024.
According to the statement, “The conspiracy was carried out by individuals operating out of Nigeria and the United Arab Emirates
To carry out this scheme, conspirators sent phishing e-mails containing attachments and links embedded with malicious code to title companies, real estate agents, and real estate attorneys across the United States.
If an employee at a targeted real estate business clicked on the malicious link or attachment, they were prompted to enter their e-mail account login information.
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