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Nigerian Man Jailed For 15 Years Over $10M Housing Fraud In Houston Texas

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Nigerian Man Jailed For 15 Years Over $10M Housing Fraud In Houston Texas

nigerian jailed 15 years fraud houston texas

Nigerian Man Hammed Akinola Jailed For 15 Years Over $10 Million Housing Fraud In Houston Texas

A Court in, Houston, Texas has sentenced a Nigerian, Hammed Akinola, to 180 months imprisonment for a $10million fraud.

U.S. District Judge David Hittner also sentenced Akinola’s accomplice, a 53-year-old American, James Campbell, to 90 months in prison.

According to a press release by the US Justice Department, the judge handed the sentence on April 12, after both men pleaded guilty.

They were found to have taken or attempted to take large sums of money from roughly 45 victims, who thought they were sending their money to a title company to close on a home.

Unknown to them, the money was fraudulently being transferred to a bank in Houston controlled by the defendants.

Judge Hittner noted that the defendants “ruined many Americans’ lives”, while the banks took a large hit as well.

Both have been and will remain in custody pending transfer to a U.S. Bureau of Prisons facility to be determined in the near future.

The U.S. Postal Inspection Service and the Federal Bureau of Investigation (FBI) conducted the investigation.

From on or about January 2016 through November 2017, Campbell and Akinola were involved in an international wire fraud conspiracy that consisted primarily of Business Email Compromise (BEC) fraud which targeted businesses and individuals that regularly perform wire transfer payments.

They compromised legitimate business e-mail accounts through social engineering or computer intrusion techniques to conduct unauthorized transfers of funds by international co-conspirators.

The international co-conspirators hacked into the victims accounts and sent what appeared to the victims to be legitimate emails from banks or title companies.

The victims, tricked into thinking such emails were from the bank or title companies, would then transfer the money to the accounts the defendants controlled, not knowing they were fraudulent emails.

Akinola was working with overseas conspirators who were orchestrating the BEC victimization.

Those conspirators needed domestic bank accounts where they could send the funds stolen from the BEC fraud.

Akinola and Campbell agreed to work together to open bank accounts and to recruit individuals in and around the Houston area to open bank accounts in order to receive the BEC wires.

Campbell and Akinola then recruited 20 other individuals who did open bank accounts to receive fraudulent funds.

The proceeds of the fraud scheme were disbursed between the account holders, Campbell, Akinola and international accomplices.

In total, the Campbell and Akinola’s activity participating in the scheme and laundering its proceeds resulted in victims’ of BEC fraud transferring or attempting to transfer $10.3 million into to accounts they controlled. [NAN]

3 Comments

3 Comments

  1. Francesca Adjoa

    May 7, 2019 at 3:12 PM

    greedy is the problem of most Nigerians into fraud

  2. iron bar

    May 7, 2019 at 5:27 PM

    This the last place to play such yahoo yahoo…u will be caught..it could take time but u wont escape it..u think say na ikeja u dey.mk una save our image small.

  3. Jilo

    May 8, 2019 at 2:57 PM

    This guy is going to sit down inside jail for good 15 years plus his age, I bet you this guy may not makes it back by the time he finishes his sentencing or he may not be useful for himself again. Prison system is not a joke in the United States. Our perspectives about prison system in the US is different entirely from what we visualize it from Nigeria.

    Our ideas when we are talking about prison in Western World is like, at least they will be housing him, feeding him compared to Nigeria where he may die of starvation. Hhummm…., that is not true. They may be giving you some foods that will push out some underlying diseases from your body. Most of the people that I’ve witnessed coming out of prison for longer sentencing did not make it more than 2 to 3 years after their release. They eventually died. Do you think they receive adequate health care while in prison? folks I’m not going to say what I don’t know. Saying something by mouth is different from reality on the ground. If you cannot do the time, don’t do the crime. Most of Nigeria youth always like to be on fast lane. They believe if you cannot fraud, you are not smart enough. The consequence of this crime does not worth loosing one’s life. From the day of your arrest, you may not have the opportunity see the street again until after 20 or plus years. That is a long long wasted time.

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