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12/16/2016
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Nigerian Charged With BEC Scam Involving $3.1 Billion

David Adindu and accomplices targeted thousands of businesses globally with fake emails asking for money transfer.

Nigerian citizen David Chukwuneke Adindu, who was arrested recently from a Houston airport, is facing charges in the US for business email compromise (BEC) scam targeting thousands and involving almost $3.1 billion, Reuters reports.

Authorities allege Adindu and his accomplices sent emails to businesses in the US and abroad in which they impersonated an executive or vendor and asked for wire transfers of money. Since October 2013, around 22,143 complaints were lodged regarding these fraudulent e-mailed requests. One complaint came from a New York investment company that was cheated out of $25,200 but managed to hold back a second transfer of $75,100, says Reuters.

Adindu, who lives both in China and Nigeria, has pleaded not guilty to the charges.

For more details, click here.

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