FBI is finding it difficult to obtain Woodberry's Bitcoin Wallet containing this huge sum of money

Jul 7, 2020 2:05 PM

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Olalekan Jacob Ponle aka Woodberry along side Hushpuppi are being sued by the Federal Bureau of Investigations, FBI for defrauding multiple US firms of millions of dollars.

The video footage of how Hushpuppi and his other associates caught in the act of cyber crime had been released by the Police. Hushpuppi and his counterparts have defrauded 1.9 million people of about 168 Billion Naira.

Hushpuppi and his 11 cronies were arrested on the 10th of June, on counts ranging from money laundering, hacking, impersonation, identity theft etc.

Ponle aka Woodberry was also extradited to the US alongside Hushpuppi. He is being charged with conspiracy to commit fraud and if convicted he stands the chance of getting about 20 years jail term.

The affidavit filed by the FBI also states that Woodberry stashed away huge sum from the fraud as of January to September of 2020. That Woodberry used mules during his transactions with victims and that the money mules were directed to open bank accounts with the details of their victim companies.

The mules were later instructed by Woodberry to convert those monies to Bitcoin and to send them to his Bitcoin Wallet. FBI is finding it hard to access his Bitcoin Wallet because of the wallet address that does not contain individuals information.

Woodberry will be appearing in court on the 9th of this month. Please follow this page for more news and gist. Thank you.