Oludayo Adeagbo, a 45-year-old Nigerian-British man, has been sentenced to seven years in a U.S. prison for his role in a multimillion-dollar business email compromise (BEC) scheme. According to a statement from the U.S. Department of Justice, court documents reveal that Adeagbo conspired in various cyber-enabled BEC schemes, attempting to steal over $3 million from entities in Texas, which included local government organizations, construction companies, and a college in the Houston area.
Additionally, Adeagbo and his accomplices are accused of defrauding a university in North Carolina of more than $1.9 million. He arrived in the U.S. in August 2022 after being extradited from the United Kingdom to face charges filed in Charlotte and Houston.
The Justice Department noted that Adeagbo pleaded guilty on August 8 to one count each of wire fraud and conspiracy to commit wire fraud, following the transfer of his case from the U.S. District Court for the Southern District of Texas to the U.S. District Court for the Western District of North Carolina