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Nigerian Entrepreneur Jailed for Ill-gotten Gains

Celebrated Nigerian entrepreneur Obinwanne Okeke has been jailed for 10 years by a US federal court for masterminding an $11 million cyber fraud on a British company. The court heard that “through subterfuge and impersonation, Obinwanne Okeke, engaged in a multi-year global business email and computer hacking scheme that caused a staggering $11 million in losses to his victims,” Raj Parekh, Acting US Attorney for the Eastern District of Virginia, said in a statement on Tuesday after the sentencing. British company Unatrac Holding Limited — the export sales office for industrial machinery company Caterpillar — were the victims of an online heist perpetrated by Okeke and his team, who had obtained their login details through phishing emails, the justice department said.

SOURCE: CNN