Nigeria’s King of Cyber Crime in America, Tunde Adeowo, has admitted to playing role in $6million (N2.5 billion) Bank Fraud.
The Nigerian Standard Newspaper Online reports that Adeowo Faces 30 Years in Prison.
It says the fraudstar targets 12 financial institutions in southern New Jersey and southeastern Pennsylvania.
“Suspect’s gang used over 400 fraudulent accounts opened with fake identities to defraud banks”.
Affected banks are in New Jersey, Pennsylvania, Maryland, Rhode Island and few other states.
The American based Newspaper said that members of the criminal group acquired numerous business cheques stolen from the United States mail and altered the payee names, subsequently deposited the sums into bank accounts that had been opened with forged foreign passport documents and fraudulent U.S. visas that matched the names on the stolen cheques.
After the accounts were credited, the gang withdrew the funds via ATMs or purchased money orders, using the fraudulent accounts’ debit cards”, US Department of Justice added.
