A Nigerian internet fraudster popularly known as Yahoo Boy, Hammed Akinola has bagged 180 months (15 years) imprisonment for a $10million fraud. His sentence was ordered by a Federal High Court in Houston, Texas, in the United States of America (USA) .

Akinola’s accomplice American accomplice was not spared also, U.S. District Judge David Hittner also sentenced 53-year-old American, James Campbell, to 90 months in prison for helping Akintola in his crime.

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

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.