Summary: Bamidele Omotosho, a Nigerian citizen, has been sentenced to over 12 years in prison for his involvement in a wire fraud and money laundering scheme that exploited stolen personal information. He was found guilty of orchestrating fraudulent activities, including hacking into the Employees Retirement System of Texas and compromising accounting firms to file false tax returns.
Threat Actor: Bamidele Omotosho | Bamidele Omotosho
Key Point :
- Omotosho was sentenced to 12 years and 7 months in prison for conspiracy to commit wire fraud and money laundering.
- He and his accomplices used stolen credentials from the xDedic marketplace to execute fraudulent schemes, including hacking into retirement systems.
- Omotosho’s actions resulted in over $2 million in restitution owed to victims.
- His network compromised multiple accounting firms, leading to fraudulent tax returns filed with the IRS.
Original Source: https://www.justice.gov/usao-mdfl/pr/nigerian-national-sentenced-more-12-years-federal-prison-cyber-scams
Cyber Law and Cybercrime Investigation Blog: Immuniweb