Crime
3 Notorious Scammers from Africa with Shocking Stories
Africa has seen its share of masterminds of high-stakes deception and audacious schemes who captivated the world with their shocking stories of trick and manipulation. These individuals, driven by greed and ambition, orchestrated elaborate scams that left a trail of shattered dreams and financial ruin among their victims. Their exploits…
Read More »FTX’s Sam Bankman-Fried Pleads Guilty to Fraud
According to U.S. Attorney Damian Williams, two of the former crypto tycoon Sam Bankman-Fried’s top aides have admitted to fraud, namely participating in a scheme to transfer and misappropriate FTX clients’ cash. Federal officials are working with FTX co-founder Gary Wang and former trading company Alameda Research CEO Caroline Ellison…
Read More »Court Sentences Doyin Okupe to Two and a Half Years in Jail over Money Laundering
Doyin Okupe, director-general of the Peter Obi presidential campaign committee, was given a two-year prison term by an Abuja federal high court for violating the money laundering act. Okupe was found guilty of 26 of the 59 counts laid against him by the Economic and Financial Crimes Commission (EFCC) in…
Read More »FTX Co-CEO Ryan Salame Reportedly Blew the Whistle on FTX and Sam Bankman-Fried
Just two days before the cryptocurrency exchange was forced to close, a senior executive at FTX’s Bahamian subsidiary alerted local regulators to possible fraud. Ryan Salame, the former co-CEO of FTX Digital Markets (FDM), informed the Securities Commission of the Bahamas (SCB) on 9th of November that FTX was moving…
Read More »How Fraudsters Stole N525 Million from a Nigerian Bank
On April 25, 2022, suspected fraudsters, during a three-day cyber-attack, hacked a customer’s account domiciled in an old generation Nigerian bank and fraudulently transferred N523,337,100 from the account to 18 different accounts in the same bank. According to SP Eyitayo Johnson, the spokesperson for the Police Special Fraud Unit in…
Read More »Crypto Scam Alert! 5K+ Solana Wallets Drained by Hackers in the Past Few Hours
On Wednesday, a multi-million dollar hack on the Solana network occurred as shocked customers discovered that their wallets had been emptied entirely. In a successful smash-and-grab raid on user wallets, the hacker stole about $6 million. While the precise attack method is yet unknown, discussion about the root cause is…
Read More »How Two Nigerian Fintech Founders Were Jailed over $167 Million Money Laundering
Two Nigerian fintech founders, Anslem Oshionebo and Opeyemi Odelay of a US-based money transfer company have been sentenced to a total of 8 years in jail at the federal prison. The company, Ping Express said in documents filed with a US district court that it violated laws against money laundering…
Read More »5 Ways Fraudsters Like Hushpuppi Have Ruined Business for Nigerians
In June 2020, Ramon Abass, widely known as Hushpuppi, was arrested and detained by the FBI in Dubai, United Arab Emirate (UAE) by the Dubai police for internet fraud. He was later extradited to the United States. The US government accused him of committing a multi-million dollar scam in July…
Read More »Top 5 African Countries with the Most Internet Scammers
Most African countries have become home to many internet scammers, and most of the internet scammers are headquartered in West Africa. As the world advances and changes quickly, these scammers have developed new tactics for committing fraud. Despite an increase in the number of internet frauds, authorities across Africa appear…
Read More »Why these Eight Nigerians are on Interpol’s Most Wanted List
At least eight Nigerians who committed various crimes are on Interpol’s most-wanted list. With 190 member nations working together to prevent and resolve transnational crimes, Interpol is the largest international police organisation in the world. If a criminal is wanted internationally or if the offender flees to another country to…
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