OLUMUYIWA YAHTRIP ADEJUMO, Business E-Mail Compromise, Connecticut 2018

A Toledo, Ohio man has admitted to playing a role in a Business E-Mail Compromise scheme that targeted U.S. businesses, including one in Torrington, Connecticut.

OLUMUYIWA YAHTRIP ADEJUMO, also known as 'Ade,' 'Slimwaco,' 'Waco,' 'Waco Jamon,' 'Hade,' and 'Hadey,' 32, waived his right to be indicted and pleaded guilty today in New Haven federal court to a fraud offense stemming from his role in the scheme.

According to court documents and statements made in court, ADEJUMO and his co-conspirator, Adeyemi Odufuye, and others targeted CEOs, CFOs, controllers, and others at U.S. businesses using sophisticated cyber techniques to defraud the businesses.

ADEJUMO and his co-conspirators sent e-mails addressed to executives that were made to appear to be sent from the legitimate e-mail address of the CEO or other executive from the business. ADEJUMO and his co-conspirators sent the e-mails with the intent of having the recipients send or wire money to bank accounts used by members of the conspiracy.

The investigation revealed that scheme participants controlled multiple e-mail and social media accounts used in the scheme and, in certain instances, sent e-mails and attachments containing malware to the intended recipients.

As a result of this scheme, victimized businesses have suffered more than $2 million in total losses. One company in Torrington, Connecticut, lost more than $500,000.

OLUMUYIWA YAHTRIP ADEJUMO pleaded guilty to one count of conspiracy to commit wire fraud, an offense that carries a maximum term of imprisonment of 20 years. He is scheduled to be sentenced by Chief U.S. District Judge Janet C. Hall on July 26, 2018.

OLUMUYIWA YAHTRIP ADEJUMO is a citizen of Nigeria and a lawful permanent resident of the U.S. He has been detained since his arrest on November 16, 2017.

Source: https://www.justice.gov/usao-ct/pr/ohio-resident-admits-role-business-e-mail-compromise-scheme