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Ohio Man Sentenced To 15 Months For BEC Scam

Olumuyiwa Adejumo and co-conspirators targeted CEOs, CFOs, and other enterprise leaders in the US with fraudulent emails.

Chief US District Judge Janet Hall last week sentenced Olumuyiwa Adejumo to 15 months in federal prison for his role in a business email compromise scheme targeting organizations in the United States. His sentence will be followed by 3 years of supervised release.

Adejumo, also known by a slew of aliases, including "Ade," "Slimwaco," "Waco," "Waco Jamon," "Hade," and "Hadey," teamed up with co-conspirator Adeyemi Odufuye and others to target CEOs, CFOs, and other corporate leaders with fraudulent emails. Their messages were crafted to appear as though they came from the legitimate email addresses of business executives.

The actors sent fake emails with the goal of having recipients send or wire money to bank accounts they controlled. Investigators found they controlled multiple email and social media accounts related to the scheme; in some cases, they sent malicious attachments to targets.

Adejumo admitted his role in the scheme caused total losses exceeding $100,000 to at least three organizations. He was ordered to pay $90,930 in restitution.

Read more details here.

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