Abbas, 37, additionally admitted to laundering cash “via financial institution accounts all over the world,” together with “a number of different cyber and enterprise e-mail compromise schemes that cumulatively induced greater than $24 million in losses,” the assertion launched Wednesday added.
He pleaded responsible to the costs on April 20, in keeping with court docket paperwork which have been solely unsealed Wednesday.
Abbas was arrested within the United Arab Emirates in June final yr after native police raided his Dubai residence.
He was arrested alongside one other Nigerian man Olalekan Jacob Ponle aka “Woodberry” in a joint operation with United States brokers often known as “Foxhunt 2,” Dubai police mentioned.
Abbas was handed over to FBI brokers, and was later transferred to Los Angeles to face trial on fees of cash laundering via cybercrime schemes.
Luxurious way of life
In accordance with court docket paperwork, Abbas together with different defendants, faked the financing of a college by posing as financial institution officers and making a pretend web site to persuade a Qatari businessman to half along with his cash. Additionally they “bribed a overseas official to maintain the frilly pretense going after the sufferer was tipped off,” mentioned Appearing United States Legal professional Tracy L. Wilkison.
They succeeded in defrauding the businessman of $1.1m and a part of the stolen cash was used to “buy a Richard Mille RM11-03 watch, which was hand delivered to Abbas in Dubai and subsequently appeared in Hushpuppi’s social media posts,” prosecutors mentioned.
US prosecutors mentioned the favored Instagrammer — described as a high-profile cash launderer — “funded his luxurious way of life by laundering illicit proceeds generated by con artists who use more and more refined means.”
Abbas faces as much as 20 years in jail when sentenced.