A special agent identified as Ali Sadiq with the Federal Investigation Bureau has revealed how Olalekan Jacob Ponle, popularly known as Woodberry, was arrested along with his partner Hushpuppi.
PREMIUM TIMES confirmed that Woodberry had been monitored through his WhatsApp, iPhone and Bitcoin transactions through his details.
It was said that the fraudster used a fake name called Mark Kain to dupe several United States-based companies through Business Email Compromise (BEC) schemes.
Woodberry then directed his victims in the US to open bank accounts in the names of the companies he scammed. After opening the account, he would then tell his victims to send money to a bitcoin wallet that he owned and operated.
Bitcoin transactions are said to be recorded in blockchain, making it hard to trace because the identities of people are partially unknown.
However, a name remained constant in the mouth of victims and it was the fake name that Woodberry used for his fraudulent activities.
Findings showed that the scammer used the same mobile number to reach his victims, his WhatsApp chats with victims also revealed how he transacted with his victims and the bitcoin account showed that he asked different victims to sent money to the same bitcoin account number on nine different occasions.