A Nigerian man, Oludayo Adeagbo, has been sentenced to seven years in prison in the United States for his involvement in a multimillion-dollar business email compromise scheme.
The US Department of Justice disclosed this in a statement from Principal Deputy Assistant Attorney General Nicole Argentieri.
According to the DOJ, Adeagbo was part of several cyber-enabled BEC schemes aimed at stealing more than $3 million from victims, including local government entities, construction companies, and a Houston-area college in Texas.
The 45-year-old also conspired with accomplices to defraud a North Carolina university of over $1.9 million.
The DOJ stated, “Oludayo Adeagbo and his coconspirators perpetrated transnational cyber-enabled fraud schemes that targeted schools, government entities, and companies across the United States and caused millions of dollars in losses.”
Adeagbo, who also held a British passport, was extradited from the United Kingdom to the U.S. in August 2022 to face criminal charges in Charlotte, North Carolina, and Houston, Texas.
On April 8, he pleaded guilty to one count of wire fraud and conspiracy to commit wire fraud.
His case was transferred from the U.S. District Court for the Southern District of Texas to the U.S. District Court for the Western District of North Carolina, where he was sentenced.
In a related case, Adeagbo’s accomplice, Donald Echeazu, was also extradited from the UK to the U.S. over the same BEC scheme that defrauded the North Carolina university of over $1.9 million.
Echeazu was sentenced to 18 months in prison, followed by a year of supervised release, and was ordered to pay restitution of $655,408.87.
