$2m fraud: Nigerian faces 20 years in US prison
A United Kingdom-based Nigerian, Olamide Shanu, faces up to 20 years in prison in the United States after being extradited over a $2 million fraud case. The U.S. Department of Justice (DoJ) announced on Thursday that the 34-year-old, originally from Lagos State, was arraigned before a U.S. Magistrate Court on Wednesday. He is facing an eight-count charge, including wire fraud conspiracy, aggravated identity theft, money laundering conspiracy, extortion, and cyberstalking. According to prosecutors, Shanu and his co-conspirators posed as women on social media, luring male victims into sharing explicit photos. The suspects allegedly used the images to blackmail the victims, threatening to expose them to friends and family unless they paid money. The indictment also claims Shanu laundered proceeds from the scheme through cryptocurrency wallets. Prosecutors said the network extorted numerous victims across the United States, including a college student […]
