Hushpuppi’s close friend Woodberry pleads guilty to Internet fraud; agrees to pay $8 million (N6B) to victims, forfeit luxury Dubai assets

Notorious Internet fraudster, Olalekan Jacob Ponle, alias Mr Woodberry, has entered a plea of guilt with the U.S. authorities, agreeing to surrender $8 million in proceeds of wire fraud as well as luxury cars and watches to the foreign government.

Mr Woodberry, who loved to flaunt his lavish lifestyle on Instagram, had at first pleaded not guilty to the eight-count fraud charge brought against him for engaging in a scheme known as business email compromise (BEC).

However, a plea declaration submitted at the United States District Court of the Northern District of Illinois Eastern Division on April 6 revealed Mr Woodberry had had a rethink and is now pleading guilty to count one of the indictments.

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According to his plea agreement, he was required to repay the $8 million he fraudulently received from the seven companies that fell for his scam.

Defendant understands that by pleading guilty, he will subject to forfeiture to the United States all right, title, and interest that he has in any property constituting or derived from proceeds obtained, directly or indirectly, as a result of the offence,” stated the document containing Mr Ponle’s signed plea declaration.

Mr Ponle was also asked to waive his rights to the luxury cars, and designer watches he had stashed in Dubai.

The high-end automobiles include Rolls Royce Cullinan with vehicle no J9153, Lamborghini Urus (N4973) and Mercedes-Benz G-class (G68816).

Other items seized are four Rolex watches, one Patek Philippe watch, three Audemars Piguet watches, three gold and diamond-studded earrings, and six gold neck chains.

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Last year, he had forfeited 151.8 Bitcoin, roughly $6 million, to the American government, determined to recover all stolen monies from the Nigerian fraudster.

Mr Ponle was arrested in Dubai on June 10, 2020, alongside Ramon Hushpuppi Abbas, currently serving an 11-year sentence for a similar fraud charge.

See reactions below;

c_mobike: “Defendant understands that by pleading guilty, he will subject to Forfeiture to the United States” What did APC say about Tinubus forfeiture of $460,000 again??😂😂😂 He wasn’t guilty but forfeited $460,000 to the US abi??. Make we Dey play 😂😂😂.

chaz_ogbu_: The reality is that, while things were temporarily good. There were others who wanted to kill themselves just to be like these boys. They killed their parents, killed their friends, their girlfriends just to be like these boys. Some blamed their parents for their “failure”. Some even got depressed and went into robbery and kidnapping. The whole time, they were never smart or intelligent folks. Zero intellects. Guys, this life is not owned. Shelter yourself, feed yourself, and focus on the mission and your process. You will get to a very comfortable place and especially a place, where God gotchu!

rockamintv: Every family has that one person who breaks the circle of financial struggles for the entire family. If you’re reading this, may you be the person🙏🏾🙏🏾. PLEASE FOLLOW ME TO SUPPORT COS IM ON THE SAME JOURNEY FOR MY FAMILY AS A VIDEO GAMING CONTENT CREATOR❤️🙏🏾 SO HELP ME GOD.

officialmisterprince: Why would anyone do yahoo yahoo when making clean money is super easy? I earn 20m daily from my betting group. I just gat a foreign reliable sources of low odds that’s a must win. When Dey win, Dey each pay dues to me. Simple!

zainab_onyene:  May God expose all of them one after the other. You never know how this feels until you’re their victim. May Allah expose the person that moved money from my account like this😭 I saw shege last month🤦🏽‍♀️ it is well

iamkingdinero1:  People get money for this life oo , na these ones Dey buy car for person babe as “ thanks for giving me your number “ 😂 God Abeg o

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